IAMGOLD CEO Calls for Increased Use of Renewable Energy

Mining Weekly reported yesterday that Steve Letwin, president and CEO of IAMGOLD Corp. (TSX:IMG,NYSE:IAG), hopes to see 15 percent of his company’s power generated by renewables in the next five years.

Letwin said:

There has to be more emphasis by the mining industry on the use of renewables. Because of the remote locations of mines, in many respects, using renewables is a superior solution as access to power grids or hydrocarbon fuels can be difficult and expensive to achieve. Developing larger solar farms makes sense where mines are already tied into the grid, as excess solar power can be fed into the grid during the day and drawn back again during the night. The renewables industry has to help mines understand the technology that’s available and then create alternatives that can be positively compared to hydrocarbon use.

Click here to read the full Mining Weekly report.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Gold Outlook Report - Late 2017!

Your free report includes:

  • 10+ Stocks to buy
  • Expert insights
  • Market forecasts
Give me my free report!  

Leave a Reply