Bellevue Gold Signs Renewable Power Supply Deal
THE BOURSE WHISPERER: Bellevue Gold (ASX: BGL) is setting a green standard with the announcement of an off-grid hybrid power station to be built at the company’s Bellevue gold project in Western Australia.
Bellevue Gold has signed an Early Works Agreement with Energy Developments (EDL), a Tier-1 provider of sustainable distributed energy to build the power station.
The company said the agreement was an important step in its strategy to be powered by a forecast average of 80 per cent renewable energy each year using a wind, solar and battery hybrid power solution.
“EDL is a leader in hybrid off-grid power stations,” Bellevue Gold managing director Steve Parsons said in the company’s ASX announcement.
“Their skills and experience will help ensure we maximise the use of renewable energy at the Bellevue gold project.
“Bellevue is forecasted to be a 200,000 ounces a year gold miner with low all-in sustaining costs of $1,000 to $1,100 per ounce powered by approx. 80 per cent renewable energy, with a pathway to net zero emissions as a world-leading company in the race to decarbonise the mining sector.
“Our pre-production carbon mitigation strategy has been strategic and is world leading.
“It achieves the ‘holy grail’ of lower emissions and a direct cost reduction in power generation.
“The combination of these metrics is expected to will position Bellevue as one of the most sustainable and financially successful Australian gold miners, maximising returns for all stakeholders.
“It will also underpin the company’s strong appeal to global investors, who demand performance on both financial and ESG measures.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE