Canada injects C$5m into Goldcorp’s Borden mine as price for innovation

Canada’s Goldcorp (TSX:G) (NYSE:GG) received Monday C$5 million from the Canadian government aimed at boosting innovation in cleaner, more sustainable mining practices.

Located near Chapleau, Ontario, about 160 km west of the company’s Porcupine mine, Borden will be Canada’s first fully-electric operation.

By using diesel the operation is expected to eliminate all greenhouse gases (GHGs) associated with the movement of ore and waste rock, equal to roughly 50% of the total GHGs on site, or 5,000 tons of CO2 per year, the company says.

“We believe the days of diesel use for underground mining equipment are numbered and electrification of our mobile fleet is a logical way to significantly reduce the mine’s environmental footprint,” said David Garofalo, Goldcorp’s President and CEO. “We are partnering with like-minded technology suppliers like Maclean Engineering and Sandvik, provincial and federal governments and First Nations to commercialize clean technologies, improve health and safety performance, and reduce GHG emissions with the aim of improving the viability, sustainability and profitability of our mines. It’s gratifying to see multiple levels of government support innovation and our vision of a safer, greener mining industry.”

 

More to come…

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