The incentive for a mine to reduce its carbon footprint has received a shot in the arm from the relentlessly declining costs of wind, solar, and energy storage, says Greentech Media. Projections by Wood Mackenzie show the cost of energy storage in 2022 will be 61 percent less than what prevailed in 2013, while the cost Read More
Almost a dozen new renewable energy projects were announced in 2019. Many others were already under development, and more are under negotiation or could be announced soon. Miners finally bit the renewable energy bullet this year as its economics and technical feasibility, particularly at remote locations, became too compelling to ignore. Key advantages were lower cost, Read More
Aggreko will fund and operate the new solar hybrid power solution at Resolute’s Syama Gold Mine in Mali. Aggreko, a world leader in off-grid, remote mine power solutions, and Resolute Mining, signed off on a long-term Power Supply Agreement (PSA) for Syama at a levellised US$0.15/kWh based on current heavy fuel oil prices. “The new power Read More
Current climate policies may result in 3.4C of warming above pre-industrial levels by 2100, according to the UN. The increased exposure to physical climate risks will trigger demands from the public, investors, and businesses for action. In an “inevitable policy response,” policy-makers in the world’s major economies would have to implement strict new climate policies, says Read More
Rio Tinto will invest $1.5 billion through its Kennecott Utah Copper subsidiary to extend mining of copper and other metals at Utah’s Bingham Canyon Mine through to 2032. Rio had previously planned to retire the mine in 2026. Rio considered an improving outlook for copper as the basis for the move to extend mining operations at Read More
Apple bought the first-ever batch of carbon-free aluminum produced by Elysis, a Canadian joint venture between mining giants Alcoa Corp and Rio Tinto, according to Mining Global. Elysis, the company’s name, is derived from the ‘electrolysis of alumina,’ a process in aluminum smelting. The ELYSIS™ technology eliminates all direct greenhouse gas (GHG) emissions from the aluminum Read More
Brazilian miner Vale, one of the world’s largest producers of iron ore, committed to power its global operations with clean energy by 2030, even as it said it would align its business with the 2015 United Nations conference on climate change in Paris. Vale unveiled its “New Pact with Society” at its annual investor briefing in Read More
Strandline Resources Limited announced its selection of Woodside and EDL for a hybrid gas and renewable power solution at the Coburn mineral sands project in WA’s Mid-West. The Woodside and EDL Joint Venture (WEJV) will develop for Strandline a 27MW integrated trucked LNG, storage, and power station facility, comprising gas and diesel back-up generators combined with Read More
Rio Tinto announced an A$1 billion investment at its Western Turner Syncline Phase 2 (WTS2) iron ore mine in the Pilbara, Western Australia. The amount includes the construction of a 13 km long conveyor system that will help lower greenhouse gas emissions from the mine by 3.5% compared to road haulage. Giles Parkinson says in an Read More
Resolute’s Syama Gold Mine in Mali, the world’s first purpose-built, fully automated, sub-level cave gold mine, will develop a new hybrid modular power station. The new power plant, to be developed with partner Aggreko plc, will be a combination of solar, battery, and thermal generation technologies. It will replace the mine’s 28 MW diesel-based power station, Read More
