Reducing energy use is a big winner for mining companies.
In fact, electricity costs on a mine site often comprise between 15% to 20% of a mine’s total operating expenditure. So, finding ways to drive down costs and become more energy efficient is vital.
While renewable resources have helped to provide a cost-effective and large portion of energy consumed in the mining industry, there is still room for improvement.
A decision often faced by mining companies without grid connection in Africa is whether to outsource their power generation to an Independent Power Producer (“IPP”) or to go it alone and build and operate their own power station.