Hi Nevilleb,
Most mines have grid connection and diesel back up. It is significantly cheaper and more environmentally friendly.
Without having details of the power requirements for Tormin, its a little difficult to determine the cost savings.
Management obviously ran the numbers and thought it was in the companies interest to connect the mine to the grid.
When you consider next to the mine is a wind farm, I seems more sensible to use the renewable energy that is sitting right at the mines back door.
Ann: Quarterly Activities Report - March 2022, page-219
-
- There are more pages in this discussion • 93 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MRC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.58M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 160 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 80000 | 1 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| MRC (ASX) Chart |
Day chart unavailable