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THE RISING COST OF ENERGY FOR MINING
By: Craig Baker, Head of Power Projects Sales, Aggreko, Africa, Middle East, and Asia Mining operations require significant amounts of energy to power equipment, ventilation, processing, and other systems. Energy can account for 10-40% of operating costs for mines. With volatile fossil fuel prices and climbing electricity rates, energy costs have become a major pain point for industry. According to BDO’s 2022 Benchmarker survey, energy represented 28% of cash costs for miners in 2021,…
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