Subscribe free to our newsletters via your
. 24/7 Space News .




SOLAR DAILY
Renewable energy improves stock price of mining companies
by Staff Writers
Munich, Germany (SPX) Nov 20, 2014


Energy costs in mining are constantly increasing due to higher electricity consumption and prices. Particularly in remote mines, wind or solar power plants can reduce the energy costs considerably, which has a direct influence on the cost position of mining companies.

Many sectors within the mining industry face challenges such as lower mineral and metal prices and the threat of further stigmatization. Renewable energy can be an important part of the solution as it improves the energy cost of mines, counters opposition from ecological movements, and above all sends a strong signal of forward orientation, progressive management and corporate governance.

A study from Dr. Thomas Hillig Energy Consulting (THEnergy) based on interviews with financing, mining, and energy experts shows that the indirect effects on the mining company's market value are more significant than the pure electricity cost savings.

Energy costs in mining are constantly increasing due to higher electricity consumption and prices. Particularly in remote mines, wind or solar power plants can reduce the energy costs considerably, which has a direct influence on the cost position of mining companies.

The business case for renewable energy is normally positive for mining companies, nevertheless mining companies are a long way away from making it into EPAs "National Top 100 list" of US green power users. The list is headed by progressive brands such as Intel, Kohl's Department Stores, Microsoft, Google and Wal-Mart. These companies consume and invest into renewable energy because it is profitable and it improves their standing towards consumers and financial markets.

Mining companies face strong opposition, which is facilitated by internet communication; "Move Your Money UK" is a national campaign that calls on depositors to move their savings away from five UK-banks, because they support assets in oil, gas and coal extraction. On the investment side, there are similar developments; the Rockefeller Brothers Fund has recently joined the divestment movement that has pledged not to invest assets worth $50 billion into fossil fuels.

The direct effect of such divestment is normally limited, but it brings along a significant threat regarding further stigmatization of certain segments of the mining sector, which makes it more difficult to receive credits, reduces the demand for shares, triggers new legislation and complicates permits.

For years the differences could not have been bigger between the worlds of mining and renewable energy. As solar and wind prices have reduced considerably in recent years, many institutional investors have entered the renewable energy industry and have professionalized it.

Leading mining companies such as Barrick Gold, Rio Tinto or Glencore as well as smaller players such as Shanta Gold have realized that renewable energy has become an economically attractive solution for many mines and have built first pilots(www.th-energy.net/mining).

"Mining companies that actively move towards renewable energy self-consumption show that they have realized that the world around them has changed and that there are threats regarding energy costs and environmental movements", underlines Dr. Thomas Hillig, founder of THEnergy. The financial markets reward companies that do not remain captives of the past but instead are actively seeking new solutions.

The usage of renewable energy is interpreted by the financial markets as a signal for a flexible and forward-looking decision making process; mining companies that are first movers in actively integrating renewables into their energy mix are therefore considered as progressive and better managed.

The THEnergy study challenges mining companies to act quickly, to come up with greenhouse gas mitigation and renewable energy targets, to set other non-financial performance indicators regarding energy and to conceive a comprehensive renewable energy strategy.

As underlined by Hillig, "ambitious targets and transparency grant first movers many advantages in communication. If substantial measures are taken and financial markets are targeted with the sustainability communication strategy, a positive effect on the market evaluation and stock prices can be expected."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
THEnergy - Dr. Thomas Hillig Energy Consulting
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SOLAR DAILY
Galenfeha Completes Successful Testing Of Solar Power Station
Bedford TX (SPX) Oct 22, 2014
Galenfeha is pleased to announce that the Company has completed successful field testing of its portable, solar regenerated power supply station. Galenfeha conducted field-testing for a major petroleum production company in the Haynesville shale area of Louisiana. The company's client was seeking a viable solution to power a chemical injection pump station. The location historically ... read more


SOLAR DAILY
U.K. group to crowd-source funding for moon mission

After Mars, India space chief aims for the moon

China examines the three stages of lunar test run

China gears up for lunar mission after round-trip success

SOLAR DAILY
Second Time Through, Mars Rover Examines Chosen Rocks

Mars was warm enough for flowing water, but only briefly

Several Drives Push Opportunity Over 41-Kilometer Mark

Lockheed Martin Begins Final Assembly Of Next Mars Lander

SOLAR DAILY
Astronauts to get 'ISSpresso' coffee machine

Tencent looks to the final travel frontier

ESA Commissions Airbus As contractor For Orion Service Module

Study Investigates How Men and Women Adapt Differently to Spaceflight

SOLAR DAILY
China expects to introduce space law around 2020

China launches new remote sensing satellite

China publishes Earth, Moon photos taken by lunar orbiter

China plans to launch about 120 applied satellites

SOLAR DAILY
Italy's first female astronaut heads to ISS in Russian craft

Space station gets zero-gravity 3-D printer

NASA Commercial Crew Partners Continue System Advancements

Europe's 3D printer set for ISS

SOLAR DAILY
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Time-lapse video shows Orion's move to Cape Canaveral launch pad

SpaceX chief Musk confirms Internet satellite plan

Orbital recommits to NASA Commercial program and Antares

SOLAR DAILY
Follow the Dust to Find Planets

NASA's TESS mission cleared for next development phase

ADS primes ESA's CHEOPS to detect and classify exoplanets

NASA's TESS Mission Cleared for Next Development Phase

SOLAR DAILY
Swedish military gets upgraded radar facilityw/lll

Boeing Stacks Two Satellites to Launch as a Pair

Eurofighter unveils 1.0-billion-euro radar upgrade

An efficient method to measure residual stress in 3D printed parts




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.