breaking news:
Agreement reached with IAMGOLD to build and operate a 15 MWp solar plant at Essakane Mine
Agreement reached with IAMGOLD to build and operate a 15 MWp solar plant at Essakane Mine

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Construction of the 15MWp Solar PV plant started on the 26th of May at
Essakane Gold Mine.


30 May 2017

IAMGOLD Essakane SA gold mine, the largest privately held business in Burkina Faso, is currently off-grid and relies solely on costly and carbon intensive heavy fuel power. The Essakane project is located in north-eastern Burkina Faso, West Africa. Approximately 330 km northeast of the capital, Ouagadougou.
IAMGOLD Essakane SA gold mine, the largest privately held business in Burkina Faso, is currently off-grid and relies solely on costly and carbon intensive heavy fuel power. The Essakane Solar project will bring reduction of operating cost for the Mine, and improve both carbon and social footprint.

The ground-breaking ceremony was attended by the Minister of Energy of Burkina Faso (Pr. Alfa Ouma Dissa), the Special Counsel in charge of Energy and Mines of the President of Burkina Faso (Mr. Issa Dominique Konate), the Ambassador of France (Mr. Xavier Lepeyre de Cabanes), the Ambassador of Canada (Mr. Vincent le Pape), the CEO of IAMGOLD Corporation (Mr. Steve Letwin), the Chairman of IAMGOLD Coporation (Mr. Donald Charter), the CEO of IAMGOLD Essakane S.A. (Mr. Bruno Lemelin), the Vice President of Business Development Africa of EREN Renewable Energy (Mr. Christophe Fleurence) as well as representatives of local communities.

Made of close to 130,000 photovoltaic panels, the 15MWp solar power plant will complement the existing 55 MW heavy fuel power plant, creating the largest hybrid PV-diesel plant in the world and one of the largest solar facilities in sub-Saharan Africa. Initiated mid-May, the construction of the 15 MWp PV power plant is set to last eight months. The IAMGOLD Essakane S.A. gold mine is the largest privately-held business in the country, with 377,000 ounces of gold produced in 2016. Due to its isolated location, the mine is currently off-grid and relies solely on costly and carbon-intensive diesel power. In this context, IAMGOLD Essakane S.A. has put forward a progressive sustainability agenda and engaged in discussions with the project sponsor, EREN RE, a global renewable energy independent power producer (IPP), and AEMP, a developer and independent power producer, to add solar capacity to its existing power system. The 15 MWp solar project will help decrease the mine’s fuel consumption by approximately 6 million liters per year and reduce by nearly 18,500 tons its annual CO2 emissions.


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Read the press release here: Essakane Solar Breaking ground
IAMGOLD ESSAKANE to benefit from the largest hybrid plant in Africa.


6 March 2017

IAMGOLD Essakane SA gold mine, the largest privately held business in Burkina Faso, is currently off-grid and relies solely on costly and carbon intensive heavy fuel power. The Essakane project is located in north-eastern Burkina Faso, West Africa. Approximately 330 km northeast of the capital, Ouagadougou.
Africa Energy Management Platform (AEMP), together with its partner EREN Renewable Energy (EREN RE), have reached an agreement with IAMGOLD Essakane SA to build a 15MWp solar plant to complement its current 55MW thermal power plant.

This project represents an investment of more than USD 20 million, and will run during the 15 years of the Power Purchase Agreement. IAMGOLD Essakane SA gold mine is the largest privately held business in Burkina Faso, and yet, due to its isolated location, the mine is currently off-grid and relies solely on costly and carbon intensive heavy fuel thermal power.

The 15 MWp solar project, expected to be commissioned by the end of 2017, will help decrease the mine’s fuel consumption by approximately 6 million liters per year and reduce by nearly 18,500 tons its annual CO2 emissions, along with the creation of 40 new jobs. This deal was originated by AEMP, and developed conjointly with EREN RE, the project Sponsor. Eren RE will be the majority shareholder while AEMP will own 10% of the project.

For large industries such as mining companies, which operate 24/7 and whose energy budget represents up to 30% of their operating costs, the hybridization of thermal power plants with a renewable energy source reduces energy costs, improves both the carbon and social footprint, and hedges against oil price volatility. With this project, IAMGOLD Essakane SA will both reduce its energy costs, and further enhance its Social License to Operate.


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Read the press release here: Essakane Solar
Published on 15 December 2016
Energy and Mines World Congress.
Toronto, ON November 21st + 22nd, 2016.


June 16, 2017
Mia Breytenbach
Solar PV project construction starts at Burkina Faso gold mine


The groundbreaking ceremony of the new 15 MWp photovoltaic (PV) power plant, which will supply power to Canadian midtier mining company Iamgold’s Essakane gold mine, in Burkina Faso, was held last month at the site.

The power plant is owned by global renewable-energy independent power producer (IPP) EREN Renewable Energy and developer and IPP Africa Energy Management Platform (AEMP).

The plant, which will consist of almost 130 000 PV panels, will complement the existing 55 MW heavy fuel power plant, thereby creating the largest hybrid PV-diesel plant in the world and one of the largest solar facilities in sub-Saharan Africa. The power plant is also expected to be the first of its kind in Burkina Faso.

Construction of the plant, which started last month, is forecast to take eight months ...

Read the full story at : www.miningweekly.com

March 7, 2017
Alex Hamer
Iamgold signed a 15-year deal with EREN Renewable Energy and Africa Energy Management Platform (AEMP) that will see a photovoltaic array built next to its 90%-owned Essekane gold mine, which produced 377,000 ounces in 2016 for the company.


The US$20 million, 15 megawatt peak plant will be finished by the end of the year, and will provide around a third of Essekane’s electricity, with an existing diesel plant supplying the rest. EREN vice president for African business development Christophe Fleurence said the project was unique.

“This is the first time in Africa that a large scale solar power plant is going to be connected to an off-grid thermal plant for a mine,” he said. EREN is financing the array and AEMP will build it. The companies have a 90-10% partnership in the project company...

Read the full story at : www.mining-journal.com

March 6, 2017
Staff writer
Global oil supply to lag demand after 2020 unless new investments are approved soon


HOUSTON – Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency.

The global picture appears comfortable for the next three years but supply growth slows considerably after that, according to Oil 2017, the IEA’s market analysis and forecast report previously known as the Medium-Term Oil Market Report. The demand and supply trends point to a tight global oil market, with spare production capacity in 2022 falling to a 14-year low...

Read the full story at : www.iea.org

March 6, 2017
Martin Creamer
West African gold mine Iamgold Essakane has signed a 15-year power purchase agreement with renewable-energy providers in a move that will cut its diesel use and lower its carbon footprint


EREN Renewable Energy and its partner Africa Energy Management Platform (AEMP) on Monday announced that the 15 MWp, $20-million solar project would be built at the mine, which is located off-grid, 330 km from Ouagadougou, the capital of Burkina Faso. On a 22 ha site, the project will sell the electricity produced from the solar plant to Iamgold Essakane, which is owned jointly by Toronto- and New York-listed Iamgold Corporation, with 90%, and the Burkino Faso government with 10%...

Read the full story at : www.miningweekly.com

March 6, 2017
Andrew Slavin
EREN Renewable Energy (EREN RE) and its partner Africa Energy Management Platform (AEMP), announced today the signature of a 15-year power purchase agreement with IAMGOLD Essakane SA gold mine to complement its existing heavy fuel power plant in Burkina Faso with a 15 MWp solar farm


Located 330 km away from Burkina Faso’s capital Ouagadougou, and jointly owned by IAMGOLD Corporation (90%) and the Government of Burkina Faso (10%), the IAMGOLD Essakane SA gold mine is the largest privately held business in the country, with 400,000 ounces of gold produced in 2015. Due to its isolated location, the mine is currently off-grid and relies solely on costly and carbon intensive diesel power...

Read the full story at : www.energyandmines.com

November 28, 2016
Sunny Freeman
Miners go green in hunt for cost efficiencies, using renewable energy sources in far-flung locations


Mining companies are digging into renewable energy as a way to reduce costs and offset the impact of volatile conventional fuel prices as the world shifts to a low-carbon economy.

Industry executives gathered last week at the Energy and Mines World Congress in Toronto focused on how innovation in energy – which can comprise as much as one-quarter of operating expenses in remote locations – can make mines more cost-effective and environmentally sustainable.“I think we will be surprised by the speed at which mining companies will start to adopt these things,” said Adriaan Davidse, mining innovation leader at Deloitte...

Read the full story at : www.financialpost.com