Today’s story is about the gold mining giants and their new interest in renewables.
Barrick Gold, IAMGOLD, AurCrest, GoldCorp, TMAC Resources, Newmont Mining, and Gold Fields are starting to get serious about renewables. Adrienne Baker, director of Energy and Mines, was quoted Thursday as saying that major producers are investing in renewables and/or mine electrification and adopting shadow prices on carbon to mitigate carbon risk and address energy challenges. Many of them are even including new chapters into their energy plans to address obligations imposed by the need to reduce greenhouse gas emissions.
Canada’s Prime Minister, Justin Trudeau, said that his government will establish a floor price on carbon pollution of $10 a tonne in 2018, rising to $50 a tonne in 2022. Trudeau’s announcement is part of Canada’s strategy to cut GHG by 30% from 2005 levels by 2030.
Gold producers who are looking to switch need to take into consideration the terms of the COP21 accord when selecting their energy choices.
We haven’t seen anything like this before but we are prepared to ride it out with the best of ’em! Besides, our earthmoving equipment isn’t picky, it’ll work on anything!
*All info for this story was taken from mining.com.