Fresnillo Promotes Use of Renewable EnergyBy Paloma Duran | Thu, 02/18/2021 - 18:11
Fresnillo has announced its intentions to produce 75 percent of the electricity it consumes from renewable energies. Read this and more in your weekly mining roundup!
Fresnillo Plc seeks to contribute to the well-being of people by promoting responsible mining. The Mexican company has emphasized its commitment to care for and protect the environment through the use of clean energy, such as wind and solar, to reduce its carbon emissions. Fresnillo announced that 48 percent of the company's electricity comes from renewable sources. The company has been investing in them to reach 75 percent renewable sourcing in the medium term.
Sonoro Gold Corp announced the results of its latest drilling program at its Cerro Caliche gold project in Sonora. The company reported a significant increase in strike length at the Buena Suerte zone, the confirmation of the 2km-long El Rincón-Veta de Oro-Abejas vein and the identification of the new Bellotoso gold mineralized zone. “Our strategy of infill and expansion drilling in our defined gold mineralized zones, together with strategically located scout holes in prospective new zones, is proving to be very successful,” said Kenneth MacLeod, President & CEO of Sonoro, in a press release.
After the decline in mineral demand experienced by the mining industry in 2020 due to COVID-19, forecasts are optimistic for 2021. According to the Silver Institute, silver demand will increase in 2021 to 1.025 billion oz, the highest level in eight years. “There is a prospect of economic recovery among commodities, as manufacturing indicators continue to recover,” said Carlos Hernández García, Senior Analyst at Mercados Bursátiles en Casa.
Ford Motor Company becomes the first US automaker to join the initiative for Responsible Mining Assurance, IRMA. Ford's step toward supply chain sustainability is strongly linked to its goal of "leading the electric vehicle and sustainable mobility revolution with investments that add up to US$22 billion. Through the IRMA certification, Ford will ensure that all mined materials for battery production are obtained through best mining practices. "Ford’s work with IRMA will support collaborative work with cross-industry brands so together we may communicate to mining companies consistent, clear, shared expectations for responsible practices," said the company in a statement.
The government of Nuevo Leon will prepare an Atlas of Georesources, which seeks to boost mining activity in the state’s southern region. "Through the identification of georesources, we can recognize the true potential of investing in the mining sector," said Roberto Russildi, Minister of Economy for Nuevo Leon. He explained that the study will be beneficial for decision-making and in promoting mining and economic development in the region.