MINEX Forum

Tag: emissions reduction

  • Kazakhstan’s Solidcore Resources Invests in Renewable Energy with Bank Loan

    Kazakhstan’s Solidcore Resources Invests in Renewable Energy with Bank Loan

    Solidcore Resources plc, a gold mining company, has announced a significant investment in renewable energy projects. The company has secured a seven-year loan from Kazakhstan’s CentreCredit Bank to fund several renewable energy initiatives.

    The funds will be used to launch renewable energy projects at the Bakyrchik and Varvarinskoye deposits. At Bakyrchik, a 17 MW solar power plant will be constructed, while at Varvarinskoye, a 23 MW solar plant will be built alongside a 40 MW gas piston unit to ensure energy supply during periods of low sunlight.

    Approval for infrastructure related to the Kyzyl project is expected to take place this year, with alternative energy generation expected to begin in 2026.

    This deal marks the first debt financing transaction after Polymetal International plc was rebranded and its key development strategy was updated. Going forward, Solidcore plans to collaborate with CentreCredit Bank and other local banks.

    The mining company estimates that atmospheric emissions will be reduced by 27% compared to 2023 levels. The renewable energy projects are expected to reduce dependence on external energy sources, particularly coal-fired power plants, and mitigate the impact of rising energy costs.

  • Environmental Measures in East Kazakhstan: Reducing Emissions by 20%

    Environmental Measures in East Kazakhstan: Reducing Emissions by 20%

    The East Kazakhstan region is taking significant steps to combat air pollution, focusing on reducing harmful emissions from industrial operations. A comprehensive action plan for 2024-2026 outlines several initiatives aimed at improving the region’s environmental situation. These include the modernization of sulfur gas cleaning systems at the Ust-Kamenogorsk Metallurgical Complex, targeting a 2,200-ton reduction in sulfur dioxide emissions by 2026. Additionally, the construction of the “Hydropolymer” workshop at the Ridder Metallurgical Complex will further reduce sulfur dioxide emissions by 714 tons in 2024. The overall goal is to decrease emissions by 10-20% across the region.

  • ArcelorMittal Reduces Emissions Significantly Through Environmental Investments in Poland

    ArcelorMittal Reduces Emissions Significantly Through Environmental Investments in Poland

    The global steel company ArcelorMittal has invested more than PLN 10.5 billion ($2.6 billion) in its Polish assets over the past 20 years, with a significant portion allocated to environmental projects. According to a press release from ArcelorMittal Poland, these investments have resulted in a 90% reduction in dust emissions and a 42% reduction in carbon dioxide emissions compared to 2004 levels.

    The company’s Polish division has undergone numerous changes in the past two decades, implementing new technologies in compliance with increasingly strict EU directives, decommissioning outdated installations, and modifying many production processes to minimize environmental impact. ArcelorMittal aims to achieve climate neutrality by 2050, with an interim goal of reducing CO2 emissions by 35% at its European plants by 2030 compared to 2018.

    “Decarbonization is a huge challenge for the steel industry across Europe,” commented Sanjay Samaddar, President of the Board of ArcelorMittal Poland. “To make it successful, several conditions must be met, including access to large-scale, renewable energy at competitive prices. We know the transformation will be a long-term process, so we are already working intensively to limit our impact on the environment in our current processes.”

    In recent years, ArcelorMittal has invested about PLN 700 million in green projects at the Dąbrowa Górnicza plant. Modernization efforts have also been made at plants in Sosnowiec, Zdzieszowice (PLN 205 million), and Kraków (PLN 100 million), among others. ArcelorMittal Poland plans to invest an additional PLN 165 million ($40.9 million) in modernizing the coke plant in Zdzieszowice, with all work expected to be completed by 2026.

    As reported by GMK Center, in 2023, ArcelorMittal Poland invested PLN 1.5 billion ($363 million) in modernization and growth projects at three facilities to improve product quality, energy efficiency, and plant efficiency, with the largest investment directed towards modernizing the blast furnace in Dąbrowa Górnicza.