finance

Renewable energy opportunities rise as costs slide and solutions grow

2019-02-18T10:28:30+00:00

By Simon Rees, for Creamer Media's Mining Weekly TORONTO (miningweekly.com) – Despite the tie-up between the renewables market and the mining sector being dynamic and exciting, the high levels of upfront capital expenditure (capex) needed to install and operate renewable components and storage solutions remained a significant impediment to uptake. “There’s a lot of uncertainty during Read More

Renewable energy opportunities rise as costs slide and solutions grow2019-02-18T10:28:30+00:00

Mines Minister contemplates rescue package for struggling sector

2019-02-19T12:01:16+00:00

Energy and Mines Minister Bill Bennett rang in 2016 with thoughts of a potential rescue package for B.C.’s beleaguered mining industry on his mind to ward off potential mine shutdowns. Options for assistance to mining companies struggling with low commodity prices could include deferrals on payment of power bills and delayed payments on mineral taxes, Bennett Read More

Mines Minister contemplates rescue package for struggling sector2019-02-19T12:01:16+00:00

More Announcements on Renewables for Off-Grid Mines Expected but Finance Solutions Critical

2019-02-18T10:59:48+00:00

“At the moment the public only sees the tip of the iceberg of off-grid projects for the mining projects. This segment has developed very quietly and quickly lately,” comments Thomas Hillig, CEO and Founder of THEnergy Consulting. “Many projects have really advanced in the last 12 months. And we would have already seen many more completed Read More

More Announcements on Renewables for Off-Grid Mines Expected but Finance Solutions Critical2019-02-18T10:59:48+00:00

First Quantum Minerals: Metals Pricing is Increasing Mine’s focus on Energy Cost Reduction

2019-02-18T12:09:27+00:00

“The decrease in metal prices is accelerating the implementation of specific measures to reduce energy consumption and improve purchasing price and conditions,” reports First Quantum’s Technology and Innovation Director, Carlos Frias. Based in Seville, Spain, Frias heads the energy decisions for First Quantum’s Cobre Las Cruces mine, which is an open pit operation and process plant Read More

First Quantum Minerals: Metals Pricing is Increasing Mine’s focus on Energy Cost Reduction2019-02-18T12:09:27+00:00

Energy innovation can deliver 50% energy cost reductions – McKinsey Report

2019-02-19T07:27:22+00:00

In a report published earlier this year titled "Greening the future: New technologies that could transform how industry uses energy" global management consulting group, McKinsey & Company,  highlighted the need to focus on energy consumption and efficiency as a key to driving down costs. The authors suggested  operational improvements can reduce energy consumption be 10-20%. This can Read More

Energy innovation can deliver 50% energy cost reductions – McKinsey Report2019-02-19T07:27:22+00:00

Avoiding Escalating Power Costs and Supply Disruptions is Critical for Mining, says Anglo American Energy Leader

2019-02-18T13:12:06+00:00

“Almost all of our operations are on grid, however in some geographies the risk with unreliable supply and escalating costs are among our main concerns,” says Stan Pillay, Lead Energy & Carbon Effectiveness at Anglo American. “Whilst operations can accommodate the occasional requests to curtail electricity use, the disruptions in supply impacts the business.” Headquartered in Read More

Avoiding Escalating Power Costs and Supply Disruptions is Critical for Mining, says Anglo American Energy Leader2019-02-18T13:12:06+00:00

New momentum for off-grid renewables: EUR 200–400 million for solar- and wind-diesel hybrid and storage projects with a focus on mines

2019-02-19T13:53:29+00:00

THEnergy signs a contract with an international renewable energy finance company to support in the development of a pipeline for off-grid projects Munich, October 2015 – A renowned international finance company has mandated THEnergy to build a pipeline of off-grid renewable energy projects. Its subsidiary is establishing an off-grid fund with a planned EUR 100–200 million Read More

New momentum for off-grid renewables: EUR 200–400 million for solar- and wind-diesel hybrid and storage projects with a focus on mines2019-02-19T13:53:29+00:00

Despite barriers to adoption, cost pressure driving renewed mining interest in renewable energy

2019-02-19T11:19:45+00:00

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

Despite barriers to adoption, cost pressure driving renewed mining interest in renewable energy2019-02-19T11:19:45+00:00

If You Build it, More Mines will Come

2019-02-19T12:29:43+00:00

Rob Lydan, Global Director Solar & Wind, Hatch has been heading the global Engineering and EPCM’s renewables for mines business development for over 3 years now and has an informed view on the challenges and necessary steps that will unlock further project potential. Along with Glencore’s wind-storage hybrid for Raglan Mine, Hatch has headed the advisory Read More

If You Build it, More Mines will Come2019-02-19T12:29:43+00:00

Taking Microgrids Beyond “Science Project” to the Next Level: Caterpillar.

2019-02-19T13:10:29+00:00

“Mining companies are looking at ways to reduce their operating expenses in light of the downturn in the industry,” says Rick Rathe, Managing Director at Caterpillar, Inc. Given that 20-30 percent of operational expenses at most mines are related to energy costs, finding innovative energy solutions is appealing, he contends. “In this environment of cost-cutting and Read More

Taking Microgrids Beyond “Science Project” to the Next Level: Caterpillar.2019-02-19T13:10:29+00:00
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