https://www.miningweekly.com

Sibanye advances carbon neutrality with first utility-scale renewable-energy project

Sibanye-Stillwater CEO Neal Froneman.

Neal Froneman This marks our first major step in delivering over 550 MW of our renewable project portfolio

Photo by Creamer Media

16th June 2023

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

In its first power purchase agreement, platinum group metals, green metals and gold producer Sibanye-Stillwater has achieved financial close for an 89 MW wind energy project.

Under the terms of the 15-year agreement, a project consortium will fund, build and operate the large wind farm, with construction expected to begin next month and commercial operation scheduled for early 2025.

“This marks our first major step in delivering over 550 MW of our renewable project portfolio and is a significant milestone in our journey to carbon neutrality by 2040,” Sibanye-Stillwater CEO Neal Froneman stated in a media release to Engineering News & Mining Weekly.

The renewables project will not only play a pivotal role in reducing carbon emissions and mitigating climate change but also result in cost savings on electricity and provide energy security benefits for Sibanye-Stillwater’s South Africa operations. Additionally, it will contribute to addressing the electricity challenges in South Africa.

By way of a wheeling agreement with State power utility Eskom, Castle Wind Farm, located near the town of De Aar in the Northern Cape, will generate the wind energy for supply to Sibanye-Stillwater’s South African operations.

The project consortium consists of African Infrastructure Investment Managers, through its renewable energy project development and delivery platform, African Clean Energy Developments, and Reatile Renewables.

The multinational Sibanye-Stillwater mining and metals processing group, with a diverse portfolio of operations, projects and investments across five continents, is a global recycler of autocatalysts and has interests in mine tailings retreatment operations.

As a primary producer of platinum, palladiumand rhodium and a top-tier gold producer, the Johannesburg- and New York-listed Sibanye produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt.

The group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (23/02/2024)
23rd February 2024 By: Martin Creamer
Magazine round up | 23 February 2024
Magazine round up | 23 February 2024
23rd February 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.128 0.159s - 88pq - 2rq
Subscribe Now