Argenenian miner Veladero has completed energizing the power line to supply electricity for its operations. The successfully commissioned project is now ready to generate significant environmental benefits with reduced emissions and increased energy and cost efficiencies.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.The construction project involved more than 14.4 km of overhead high-power lines supported by 48 towers for the 220 kV high voltage line to Argentina, two transformer substations, and 8.8 km of a 23 kV medium voltage line with 49 towers to supply the process facilities, workshops, crushers, and camp in Argentina. The total investment by Barrick and Shandong was US$54 million.
Argenenian miner Veladero has completed energizing the power line to supply electricity for its operations. The successfully commissioned project is now ready to generate significant environmental benefits with reduced emissions and increased energy and cost efficiencies.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.The construction project involved more than 14.4 km of overhead high-power lines supported by 48 towers for the 220 kV high voltage line to Argentina, two transformer substations, and 8.8 km of a 23 kV medium voltage line with 49 towers to supply the process facilities, workshops, crushers, and camp in Argentina. The total investment by Barrick and Shandong was US$54 million.
