Vince Peckham Via: Mining.com Chile's state-owned copper giant Codelco's announcement today of another round of layoffs is just the latest sign of an industry under stress. Copper has recovered from six-year lows struck late August on the back of supply cuts by major producers but at around $2.30 a pound or $5,000 per tonne on Tuesday Read More
“Energy forms a significant proportion of our operating expenditure, so it makes sense to identify benefits from increased efficiency and productivity of energy use,” reports Matthew Bateson, Global Practice Leader of Energy, Environment and Climate Change at Rio Tinto. “Longer-term attention is on the energy mix we use, both in terms of cost and in terms Read More
GOLD Fields will start a six-month study into solar power to reduce its reliance on Eskom’s increasingly expensive and uncertain power supply. Gold Fields has just the South Deep mine left in SA after it unbundled three labour-intensive mines into new firm Sibanye Gold two years ago. South Deep used 100MW, but Gold Fields wanted to Read More
“I am hoping to learn more about the cost-effectiveness of using renewables for mining [at the Energy and Mines London Summit on January 28-29]” says Christian Schaffalitzky, Managing Director and CEO, Eurasia Mining and non-executive chairman of Kibo Mining. With almost 40 years’ experience in minerals exploration and development, Schaffalitzky is currently developing a platinum mine Read More
Technologies in renewable energy sources, such as wind, solar, hydroelectricity and bioenergy, are improving, making them cheaper and attractive; however, lower commodity prices and tighter margins are among the barriers miners face when adopting these alternatives, panelists said at the recent Energy and Mines summit in Toronto. Stephen Letwin, Iamgold’s (TSX: IMG; NYSE: IAG) president and Read More
Mine operators are in the current subdued economic reality increasingly looking at renewable electricity sources as a way to reduce current and future costs at operations; however, lower commodity prices hinder the widespread adoption of renewables, as falling profits and lower fuel prices maintain certain barriers. This had resulted in miners shifting their primary motivation for Read More
The genset industry reacts to growing hybrid markets with a new approach that overcomes limitations of traditional gensets and reduces operating costs for mining companies. Munich/Copenhagen, October 2015 – Gensets are typically optimized for efficient operation at their optimal load points. In so-called solar–diesel hybrid applications, gensets balance the intermittencies from the solar plant – for Read More
Prinesha Naidoo (Via: Moneyweb) JOHANNESBURG – South Africa’s mining directors did not act fast enough in response to the country’s energy challenges. That’s according to Thomas Garner, CEO of Cennergi, an independent power producer. Participating in a panel discussion about the energy crisis and changing energy mix at the Joburg Indaba, Garner said the stability of the Read More
In a joint statement issued last Wednesday, 14 global organizations including coal provider Rio Tinto and oil giant Royal Dutch have agreed to reduce greenhouse gas emission and address climate change issues during the United Nations Climate Change conference in Paris next December. The document highlights the meeting as a “critical opportunity to strengthen efforts globally Read More
Joel Link is SolarReserve’s Vice President of Development. He is responsible for business development and power marketing of large scale solar thermal and photovoltaic (PV) energy projects throughout the Americas and Asia. In addition to his development role, Link also leads expansion of the company’s activities for on and off-grid solar thermal and PV solutions uniquely Read More
