A good news story from Lihir Gold on the use of geothermal in mining. Its all about controlling costs for them - the carbon credits are just an added bonus.
Geothermal power big winner for Lihir
By BRIAN GOMEZ in Sydney
LIHIR Gold�s 56 megawatts of geothermal power, which provides about 75% of the company power needs, last year reduced production costs by the equivalent of US$60 (K174.42) per ounce of gold produced and generated US$5 million (K14.5 million) in carbon credits.
Managing director Arthur Hood disclosed this yesterday in Lihir�s 2007 annual report.
He said: �The completion of the flotation and geothermal construction projects during 2007 is a major achievement for LGL.
�Both initiatives will drive a significant turnaround in LGL�s production and cost profile over the coming years, underpinning the long term future of the Lihir project.�
- Forums
- ASX - By Stock
- RNE
- flow test announcement out
flow test announcement out, page-31
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNE (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $4.356M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $61 | 11.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1025823 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 7285048 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1025823 | 0.005 |
18 | 10958067 | 0.004 |
15 | 5883191 | 0.003 |
11 | 5486586 | 0.002 |
3 | 3300004 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 7285048 | 11 |
0.007 | 2040520 | 3 |
0.008 | 3221791 | 4 |
0.009 | 2042509 | 3 |
0.010 | 6492765 | 4 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
RNE (ASX) Chart |