News

Oz Minerals Seeking Affordable Power To Use 80% Renewables

2020-02-14T13:48:59+00:00

Oz Minerals will use an optimized mix of solar, wind, battery and diesel power for its proposed copper-nickel project in West Musgrave, Australia, according to Mining Technology. Oz Minerals and Cassini Resources own the project in the ratio of 70:30 respectively. According to its pre-feasibility report released Wednesday, the mine will produce 28,000 tonnes of copper Read More

Oz Minerals Seeking Affordable Power To Use 80% Renewables2020-02-14T13:48:59+00:00

World Congress Report, Decarbonizing Material Movement – Issue 18 of Energy and Mines Magazine Available Now

2020-02-06T16:57:30+00:00

Energy and Mines Magazine Issue 18 is now available. The 40-page issue comprises 3 feature articles To download - click here 5 Key Takeaways from the 2019 Energy and Mines World Congress Whether or not mines will decarbonize is no longer a question. "If we don't do something different on energy, we won't be in business Read More

World Congress Report, Decarbonizing Material Movement – Issue 18 of Energy and Mines Magazine Available Now2020-02-06T16:57:30+00:00

Aiming to be Carbon-Neutral by 2050, Teck Signs AES for Renewable Energy in Chile

2020-02-04T19:11:41+00:00

Teck Resources has signed a long-term power purchase agreement with AES Corp for the supply of 118MW of renewable energy to the Quebrada Blanca Phase 2 (QB2) copper mining project in Chile. The renewable energy agreement will be effective January 2022 through October 2042 and will account for more than half of QB2’s total operating power Read More

Aiming to be Carbon-Neutral by 2050, Teck Signs AES for Renewable Energy in Chile2020-02-04T19:11:41+00:00

Climate Conscious Investors Shut Off Financing to Mining Companies

2020-02-04T16:54:26+00:00

As Environmental-Social-Governance (ESG) concerns mount across the globe, investors are giving ‘dirty’ sectors, such as heavy industry and mining, the cold shoulder. With funding spigots drying up, miners are facing a financial crunch, rising costs of capital, and the prospect of shelving projects. At the forthcoming Investing in African Mining Indaba Conference in Cape Town, the Read More

Climate Conscious Investors Shut Off Financing to Mining Companies2020-02-04T16:54:26+00:00

Bloomberg – Diesel Imports Fall as Australian Miners Shift to Renewables

2020-02-04T16:52:58+00:00

Miners are shifting out of fossil-based power sources, such as diesel, in response to investors’ pressure to cut carbon emissions. Easing their path is the rapidly falling cost of renewable energy, according to Bloomberg. Fortescue, one of Australia's largest iron ore miners, is spending $450 million on a hybrid generation project comprising gas, solar power, and Read More

Bloomberg – Diesel Imports Fall as Australian Miners Shift to Renewables2020-02-04T16:52:58+00:00

Climate risk and decarbonization: What every mining CEO needs to know

2020-01-31T16:18:37+00:00

Mining companies are not doing enough to meet Paris climate agreement targets, observes a report by McKinsey. About 4-7% of global greenhouse gas emissions emanate from the mining industry. Of this, Scope 1 emissions (from mining operations) and Scope 2 (power consumption by mines) account for 1%. A significant 3-6% is fugitive-methane emission from coal mining. Read More

Climate risk and decarbonization: What every mining CEO needs to know2020-01-31T16:18:37+00:00

SA’s Energy Crisis: “Cut Red Tape, Bring Renewable Energy Online,” Demands Miners’ Body

2020-01-31T13:52:19+00:00

The Minerals Council South Africa, the apex body representing the country’s mining industry, made an impassioned plea to the government to address the country’s crippling power problems, pvmagazine reported. “At the forefront of the constraints on the economy, and on the mining industry, is the insecurity of power supply and its continuing rapidly escalating cost…Eskom is Read More

SA’s Energy Crisis: “Cut Red Tape, Bring Renewable Energy Online,” Demands Miners’ Body2020-01-31T13:52:19+00:00

Tackle scope 3 emissions to protect mining’s core business

2020-01-31T14:17:18+00:00

Mining companies would do well to address Scope 3 (downstream) emissions, such as at steelmaking customers, on a war footing. Apart from tackling their carbon footprint, these efforts would protect the miners’ own core businesses, says an article in Mining Journal. “Miners heavily invested in metallurgical coal and iron ore who don't help their steel customers Read More

Tackle scope 3 emissions to protect mining’s core business2020-01-31T14:17:18+00:00

Eskom Boss Wants Mines to Develop Their Own Renewables Projects

2020-01-29T16:29:02+00:00

André de Ruyter took over as CEO at beleaguered South African power utility Eskom on January 6. He has a tough job, indeed. Eskom has implemented fresh bouts of load-shedding, while its power plants are said to be falling apart. The utility has a debt burden above R450 billion, and its income is far below its Read More

Eskom Boss Wants Mines to Develop Their Own Renewables Projects2020-01-29T16:29:02+00:00

Power Demand From Chilean Copper Mines Will Grow by 1,387 MW

2020-01-29T13:17:24+00:00

The latest report by the Chilean Copper Commission (Cochilco) on the power outlook for the industry estimates that its demand will grow at a CAGR of about 3.1% during 2019-2030. Therefore, power consumption by the copper industry in Chile will grow from 23.6 TWh in 2019 to 33.1 TWh in 2030, says an article in RenewablesNow. Read More

Power Demand From Chilean Copper Mines Will Grow by 1,387 MW2020-01-29T13:17:24+00:00