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(Wallace Refiners) – Trevali Mining (TSX: TV) announced Wednesday that it has entered into a 15-year renewable power purchase agreement (“PPA”) with Emerging Markets Energy Services Company (“EMESCO”) for the supply of solar power to Trevali’s Rosh Pinah Mine, located in Namibia.
Trevali said it has committed to achieving an overall greenhouse gas (“GHG”) emission reduction target of 25% by 2025 from its 2018 baseline. The PPA with EMESCO is anticipated to deliver 30% of Rosh Pinah’s power requirements during the life of the agreement and reduce GHG emissions at the company level by 6%.
EMESCO will be responsible for the design, permitting, financing and implementation of a solar energy system on a neighbouring property at no cost to Trevali. EMESCO will sell the power generated to Trevali at a fixed rate that is expected to reduce energy costs by 18% over the fifteen-year term of the agreement.
President & CEO Ricus Grimbeek stated, “Our sustainability program commits to significant reductions in GHG emissions, and with the signing of this agreement with EMESCO we have taken a major step towards delivering on our commitment by securing renewable energy while also reducing our expected energy costs.”
Trevali is a global base-metals mining company headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa mine in Burkina Faso, the 90%-owned Rosh Pinah mine in Namibia, the wholly-owned Caribou mine in northern New Brunswick, Canada and the wholly-owned Santander mine in Peru.
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