Veladero Energizes Power Line to Reduce Emissions and Generate Efficiencies
Author: San Juan
Mark Bristow, President, and CEO of Barrick, said that with the commissioning of the power line, the joint venture that operates Veladero met a crucial new milestone in enhancing the asset. He added that the initiative has multiple environmental and economic benefits while reinforcing the potential for mineral resources and projects that could be developed in the Veladero and Lama district. It also marked the significant cross-border synergy between Chile and Argentina on mining issues, proving the value to all parties revisiting prospective bilateral projects.Completing the project will cut greenhouse gas emissions from the mine in line with Barrick's global emissions reduction targets of 30% by 2030 against the 2018 baseline and net zero by 2050 while maintaining a steady production profile. Leveraged on existing infrastructure that reached the border, the energy sourced from the grid in Chile includes a large portion of renewable energy and coupled with improved energy efficiency, is expected to reduce emissions at Veladero by 100,000 tonnes of CO2-e each year.