News

August 25, 2008

AngloGold Leads The Way In Investigating The Potential For Solar Energy To Power New Mines

By Richard Roberts

Sunny Tropicana: not a holiday destination but the site of a potentially significant new gold project that could become the scene of groundbreaking developments in mine solar power generation in Australia. Certainly, 70 per cent owner AngloGold Ashanti will soon have a better feel than most for the operating cost profile, beyond the scary upfront capital cost.

While questioning the “big-stick-not-enough-carrot” approach of the Australian Federal Government and its proposed emissions trading scheme at last week’s Diggers & Dealers (D&D) conference in Kalgoorlie, AngloGold Ashanti boss Mark Cutifani suggested investment incentives were a more appropriate way to encourage industry to be innovative and come up with solutions to reduce the carbon footprint of mine sites.

AngloGold Ashanti, the world’s third biggest gold producer, is working hard behind...