Gold mines can play a key role in establishing infrastructure for transition to renewables

Mining companies are developing and deploying strategies to reduce climate-related risks in the locations where mines are situated, and the ability for gold mines to self-generate power on a practical scale from solar plants is helping to create a viable source of skills and infrastructure that will benefit other sectors, says market development organisation World Gold Council (WGC) CFO Terry Heymann. “We have seen this in several locations across Africa and beyond. In seeking to decarbonise their own operations, many WGC members have been first movers in bringing clean energy to countries and locations where it would otherwise not have been present or affordable. This is a trend that will continue to grow,” he states.