Potential Pathways forMining Operations to Transition to Renewable Energy—a Case Study - Mining, Metallurgy & Exploration (2021)

This paper presents the results of a hypothetical case study that evaluates the potential transition of a large copper mining and extraction operation to 90% renewable energy. The case study considers three phases to accomplish such a transition; phase I considers installation of renewable power generation at the site to meet a portion of the current electric power needs, phase II considers conversion of diesel combustion mining equipment to electric equipment, and phase III considers implementation of renewable energy generation coupled with energy storage systems to provide approximately 90% of the total mine site energy requirements. The paper evaluates the results in the context of a range of purchased electric power unit costs ($0.065, $0.100, and $0.135/kWh) as well as various carbon tax scenarios ($0, $5.00, and $37.30/t CO2). While the case study is hypothetical and considers a range of assumptions, it clearly identifies a pathway to potentially economically viable transitions to a renewable energy platform for mining companies. This represents an approach that mining companies can use to help to meet emissions targets, as well as social responsibility and reporting requirements.