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Part 3: GHG Emissions in Gold Mining Globally BY: Sam Ulrich Principal Consultant June 2020
Part 3: GHG Emissions in Gold MiningGlobally
BY: Sam UlrichPrincipal ConsultantJune 2020
Australia GHG Emissions Intensity Curve – 30 June 2018
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1. Gwalia; 2. Mt Carlton; 3. Agnew; 4. Granny Smith; 5. Tanami; 6. Peak; 7. Fosterville; 8. Carosue Dam; 9. Cracow; 10. Sunrise Dam; 11. Mount Monger; 12. St Ives; 13. Combined Jundee, Kalgoorlie and Paulsens; 14. Tropicana; 15. Combined Duketon North and South; 16. Plutonic; 17. Combined Central Murchison, Fortnum, Higginsville and South Kalgoorlie; 18. Tomingley; 19. Kalgoorlie (KCGM); 20. Mungari; 21. Combined Mt Magnet Operations and Edna May; 22. Thunderbox; 23. Matilda-Wiluna; 24. Paddington; 25. Cadia Valley; 26. Darlot; 27. Ravenswood; 28. Boddington; 29. Telfer; 30. Mt Rawdon; 31. Cowal.
How do the GHG emissions from
Australia’s gold industry compare globally?
Country Weighted Average GHG Emissions Intensity Curve
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Can
ada
USA Au
stra
lia
Ru
ssia
Sou
th A
fric
a
Gh
ana
1. Finland, 2. Bulgaria, 3. Canada, 4. Armenia, 5. Argentina, 6. Brazil, 7. New Zealand, 8. Democratic Republic of the Congo, 9. Tanzania, 10. Chile, 11. Indonesia, 12. Senegal, 13. Peru, 14. Laos, 15. Suriname, 16. Ghana, 17. Turkey, 18. Philippines, 19. Guinea, 20. Côte d'Ivoire, 21. United States of America, 22. Mexico, 23. Burkina Faso, 24. Mali, 25. Australia, 26. Papua New Guinea, 27. Kyrgyz Republic, 28. Namibia, 29. Egypt, 30. Russian Federation, 31. Dominican Republic, 32. Mauritania, 33. Greece, 34. Kazakhstan, 35. South Africa.
China Estimate1,220 kg CO2-e/oz
Lowest Country - Finland129 kg CO2-e/oz
Highest Country - South Africa 2,754 kg CO2-e/oz
Lowest Mine – Macassa53 kg CO2-e/oz
Highest Mine – Cooke5,262 kg CO2-e/oz
Ch
ina
Country Weighted Average GHG Emissions Intensities
4
Energy Source Competitive Advantage
5
Canada261 kg CO2-e/oz
Australia637 kg CO2-e/oz
South Africa2,754 kg CO2-e/oz
10 x
2.5 x
4 x
Low Emissions Energy
High Emissions Energy
GHG Emissions Intensity ~ Carbon Intensity a proxy for Carbon RiskInvestment/Financial Implications!
Advantage
Carbon Risk – Financial, Investment and Value Implications
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Lower Cost of Equity & Debt CapitalCarbon Risk
Awareness
Companies
Higher Carbon Risk
Lower Carbon Risk
GHG Emissions Abatement
Potentially
Funds
Energy Substitution
Energy Efficiencies
Future – Low-carbon ‘Green’ Gold Premium
HigherFirm
Values
StrandedGold
Assets?
Lenders
Carbon Price Impact?
Stay Tuned For Future Presentations In The Series
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Carbon Price A Greener Future
GHG Emissions in Gold Mining
Paper
For more information contact: [email protected]
For more CSA Global presentations visit: csaglobal.com/presentations
