Date post: | 12-Jan-2017 |
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COUNTRY LOCATION YEAR TYPE SIZE [MW] MINING COMPANY
CHILE PUNTA COLORADA 2011 WIND 20 BARRICK GOLD
CHILE EL TESORO 2012 CSP 10 MWTH EL TESORO
CHILE CODELCO 2012 PV 1.1 CODELCO
CHILE ANDACOLLO 2013 PV 1.3 MINERA DAYTON
CHILE EL ÁGUILA 2013 SOLAR 2 QUIBORAX
CHILE EL ARRAYÁN 2014 WIND 115 ANTOFAGASTA MINERALS
CHILE POZO ALMONTE, TARAPACÁ
2014 PV 25.4 COMPAÑÍA MINERA DOÑA INÉS
DE COLLAHUASI
CHILE COPIAPO 2014 PV 100 CAP
SURINAME BROKOPONDO 2014 PV 5 ROSEBEL GOLD MINES N.V.
CHILE JAVIERA 2015 PV 69.5 ANTOFAGASTA MINERALS
Source: THEnergy plant database for “Renewables & Mining”http://www.th-energy.net/english/platform-renewable-energy-and-mining/database-solar-wind-power-plants/?CT
Status quo renewables for mining
Country Location Year Type Size [MW] Mining company
ARGENTINA VELADERO 2008 WIND-DIESEL 2.0 BARRICK GOLD
CHILE EL TOQUI 2011 WIND-HYDRO-DIESEL 1.5 NYRSTAR
MAURITANIA NOUADHIBOU 2011 WIND-DIESEL 4.4 SNIM
SOUTH AFRICA THABAZIMBI 2012 PV-DIESEL 1.0 CRONIMET
CANADA LAC DE GRAS 2012 WIND-DIESEL 9.2 DIAVIK DIAMOND (RIO TINTO)
CANADA KATINNIQ 2014 WIND-DIESEL 3.0 GLENCORE
TANZANIA NEW LUIKA MINE 2014 PV-DIESEL 0.06 SHANTA MINING COMPANY
AUSTRALIA WEIPA 2015 PV-DIESEL 1.7 RIO TINTO
AUSTRALIA DEGRUSSA MINE 2016 PV-DIESEL-HYBRID 10.6 SANDFIRE RESOURCES
TOTAL 33.5
Source: THEnergy plant database for “Renewables & Mining”http://www.th-energy.net/english/platform-renewable-energy-and-mining/database-solar-wind-power-plants/?CT
Status quo renewables for mining
Country Location Year Type Size [MW] Mining company
SOUTH AFRICA THABAZIMBI 2012 PV-DIESEL 1.0 CRONIMET
TANZANIA NEW LUIKA MINE 2014 PV-DIESEL 0.06 SHANTA GOLD
TOTAL 1.06
Source: THEnergy plant database for “Renewables & Mining”http://www.th-energy.net/english/platform-renewable-energy-and-mining/database-solar-wind-power-plants/?CT
Status quo PV-diesel-hybrid outside Australia
Thabazimbi
Thabazimbi mine
• Location: South Africa
• Mining process: chromium
• Open-pit mine
• CRONIMET Mining
• Installed Diesel Power: 1.6 MVA
• Voltage: 525V
• Annual Diesel consumption: 1.9 million liters/yr
• Annual Diesel Fuel Cost: $2.18 million/yr
• No grid connection
• Built in 2012Source: CRONIMET
PV installation
• Built in 2012
• Installed PV Power: 1 MWp
• Annual PV Energy: 1 800 000 kWh
• Ratio of PV to Total Energy: up to 30%
• Annual Diesel Savings: 450 000 liters
• CRONIMET Mining Power Solutions
• Solea
• SMA Fuel Saver
Thabazimbi
Source: CRONIMET
New Luika Mine
New Luika Gold Mine
• Location: Luika
• Mining process: gold
• Mine inaugurated in 2012
• Shanta Mining Company
• Originally 6 x 0.9 MW rental diesel gensets
• Upgraded to 4 x 0.75 MW HFO gensets + 2 x 0.9MW diesel gensets
• HFO at $0.66/l vs diesel at $0.97/l
• 63 kWp PV rental system
• Plans to expand to 1 MWp / 5 MWp (PPA offered for $0.15/kWh)
Source: Redavia
New Luika Mine
New Luika Gold Mine
• Semi-mobile „pre-configured system“
• No foundations – only level cleared area
• 3 months trial period
• 2 year PPA inclusive O&M
• Integrated with HFO power plant
• Hydroelectric also under evaluationSource: Redavia
Momentum for off-grid renewables
NDA: Investor must not be revealed
THEnergy does project screening
Cooperation started with workshop on hybrid energy
“sweet spot”: mEUR 10 – 15 equity investment
Equity to be invested within 3 years
Double digit return on equity expected
100% equity and later refinancing possible
Momentum for off-grid renewables
Opportunities with mines Projects under development
Mining companies Project developers
Insights during the project screening phase
fromproject
screening
Many attractive projects under development
Parental guarantees are a main barrier
Many projects for “junior” miners
Important role of local project developers
Project development process changes
Oil price
Low oil-price and anticyclical business strategy
Pressure on electricity price in PPAs
Expectation: oil price drop temporary
Renewable energy commitment is long-term
Issues often psychological
Decision should be based on expected oil price
Contact details
contact: [email protected]
newsletter: http://www.th-energy.net/newsletter-1/
Platform “Renewables & Mining” http://www.th-energy.net/mining