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Renewables in mining – more than just a cost play

Renewables in mining – more than just a cost play

renewables in miningEnergy is one of the biggest expenses for mining companies, constituting approximately 30 per cent of total cash operating costs. This includes not just electricity drawn from the grid, but also the diesel, LNG and CNG it consumes, as well as the explosives that are used.

Deloitte analysis shows that having an effective energy management program in place, and with renewables a major component of this, miners can substantially reduce their energy costs by up to 25 per cent in existing operations and 50 per cent in new mines.

With renewable energy fast becoming a mainstream energy source, mining companies have a material opportunity to use renewables to lower costs, improve safety, reliability and sustainability, and mitigate risks to ultimately gain a competitive advantage.

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