SOURCE: Energy and Mines

Energy and Mines

September 29, 2015 11:00 ET

Mining Leaders Prepare for Toronto Summit to Understand Energy Savings Potential of Renewables

TORONTO, ON--(Marketwired - September 29, 2015) - The global mining sector is facing a tough business environment with low commodity pricing, rising energy costs and constraints, increasingly remote locations and heightened stakeholder opposition. In this environment, the need to reduce operational power costs and gain stakeholder buy-in is critical to success and mining leaders are increasingly interested in the role that renewable energy can provide in addressing these goals. This October 22-23, senior mining executives will gather with renewable energy and finance experts to network and explore the potential for renewables to reduce operational expenses, gain social license and secure power supplies.

Energy and Mines' 3rd annual Toronto Summit has attracted a wide range of mining leaders from major mines to junior operators. Many of these mining attendees are currently evaluating power options for new, remote operations and are interested to know whether renewables can assist with diesel abatement. “We are operating in the Arctic so we really have to use generators to produce our own power, which is an expensive system,” comments Catharine Farrow, CEO and Director of TMAC Resources, who is speaking at the Summit. “We are looking for alternatives to face high energy costs.”

“I think the summit is a great opportunity for both the mining and the renewable industries to come together, learn from each other and start a mutually beneficial dialogue,” adds Michael Winship, President Elect, Canadian Institute of Mining, Metallurgy and Petroleum and Director at Rubicon Metals, another Summit speaker.

The agenda for Energy and Mines Toronto Summit includes 25 senior mining executives sharing their energy strategies, including representatives from Anglo America, AngloGold Ashanti, Avalon Rare Metals, Barrick Gold, Glencore, Hudbay Minerals, IAMGOLD, Kinross Gold, Kirkland Lake Gold, Lake Shore Gold, MGX Minerals, Rio Tinto, Roxgold, Rubicon Metals, Stornoway Diamond, Teck, TMAC Resources, U3O8 Corp, and Western Copper and Gold.

Caterpillar is the Principal Sponsor of this high-caliber event which showcases the very latest renewable energy projects for mining operators. Other sponsors include Northland Power, Tugliq, SolarReserve, Renergetica, Canadian Solar, Pattern Development, Canada Clean Fuels, Panasonic, G+ Plastics, Sonnedix, and Sussex Strategy Group.

Along with the latest case studies of renewable energy projects for mining operators, the event focuses on critical topics for mines and renewables attendees including financing solutions, and building energy partnerships with key stakeholders including First Nations communities reliant on diesel. Part of a global series which includes events in London, Santiago and Johannesburg, this high-caliber Summit will provide the right context and platform for these sectors to engage in an open and productive dialogue on mining’s new energy paradigm and the potential for collaboration.

About Energy and Mines

This Summit is part of a global series of events organized by Energy and Mines to draw links between the mining and renewables sectors and drive solutions that help address mining’s energy challenge for affordable, secure and sustainable power. Alongside the Toronto Summit, the company organizes events in London (January, 28-29, 2016), Santiago (May 2016) and Johannesburg (June 2016). Energy and Mines also produces content and reports to support the growth of affordable and reliable power for mines.

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