OTCPK:MGMXD - Post by User
Post by
materialsgirlon Jun 23, 2015 11:41am
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Post# 23859393
solar energy in the mining business
solar energy in the mining businessI remember readu=ing several years ago that a solar panel positioned in California would produce 3.5 times as much electricity as the same panel in North Bay. Panels and technology are improving but I suspect that the ratio may be the same.
What does this mean for mining? My interpretation is that there will be a lot of solar electricity for mining but it will vary hugely by location. In many African countries the cost of diesel generated electricity for miners is ~ 35¢ which is about 4 to 6 times higher than in Quebec, Manitoba, BC or Ontario. So when compared to diesel generated power in a climate where the sun is intense and shines a lot the economics of solar power will be very attractive,
In Northern Ontario, in Northern Quebec, in Manitoba / Sask or in the Yukon the economics of solar will never be appealing except in extraordinary cases.
Solar power in mining will be attractive based on a comparison on the intensity of the sun on the one hand and the alternative cost of electricity on the other hand.
Main areas of potential appeal in North America would be California, Nevada, Arizona and New Mexico perhaps
mat