Gold Mine improves energy performance by 11.4%
New Gold ‘s New Afton copper-gold mine and concentrator plant is located approximately 350 kilometres northeast of Vancouver, British Columbia. Energy is the second biggest expense (after labour) accounting for 13% of total annual operational expense in 2015.
An improvement in energy performance is one of the areas in which a significant increase in profitability can be realised. New Afton Mine started production in June 2012 and gained ISO 50001 certification in 2014. Since then, the mine has improved its energy performance by 11.4%, generating savings of CAD$ 643,000 in 2014, and CAD$444,000 in 2015.
Further information is available in this factsheet on the Clean Energy Ministerial website.