Agnico Eagle studying wind power solution for Hope Bay
Precious metals miner Agnico Eagle has signed a memorandum of understanding with a consortium to develop a renewable energy plan for its newly acquired Hope Bay mine, in the Kitikmeot region of Nunavut.
A consortium of Tugliq Energy and Hiqiniq Energy – a subsidiary of Inuity-owned economic development firm Kitikmeot Corp – will work towards the development of a wind-based power project.
The region where Hope Bay is located is said to have “tremendous” wind potential, which could be harnessed to reduce diesel consumption at the mine site, while stimulating skills knowledge building and economic development for the Inuit communities in the region.
Tugliq previously reported that the wind resource at the Hope Bay mine would be sufficient to generate electricity at a competitive cost. A previous study for TMAC Resources recommended a hybrid project with an installed wind capacity ranging from 2 MW to 4.7 MW.
Agnico Eagle bought TMAC for C$226-million in cash in February. The Hope Bay mine produced 25 308 oz of gold in the second quarter.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation