Orezone signs clean energy supply agreement for Bomboré project

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“LNG power systems, coupled with solar energy, will enable energy-intensive industries such as mining to reduce fuel consumption, energy costs and significantly reduce greenhouse gas emissions”, Orezone President and CEO Patrick Downey said in a press release.

Under the PPA, Genser will use LNG as the main fuel, supplemented by a staged solar power plant. Bomboré will be the first mine in Burkina Faso to use LNG to fuel its operations.

A fixed rate energy tariff will apply over the life of the mine (LOM) with a fixed rate tariff to be negotiated for the additional energy demand during the commissioning of the sulphide treatment circuit, provided for in during the third year of commercial production.

Bomboré will be the first mine in Burkina Faso to use LNG to fuel its operations

“This Genser LOM fixed cost clean energy agreement provides electricity cost certainty over LOM oxide production at Bomboré and provides an excellent platform for the expansion and growth of the project,” said added Downey.

The plant will consist of six 2.5 MW LNG generators with four 2.6 MW diesel standby units. This configuration is sized for the initial exploitation of the oxide and the expected expansion of the sulphides.

A photovoltaic solar power plant of up to 14MWp to be installed in stages with an 11kV power line to connect the diesel and emergency gas generators, and a solar power plant.

Genser will design, license, finance and install all power generation equipment and associated infrastructure, including LNG and diesel storage terminals. It will also be the operator and owner of the power plant.

Orezone currently owns 90% of Bomboré, one of the largest unexploited gold deposits in Burkina Faso. The deposit contains a significant oxide resource based on a larger open sulphide resource, and will be developed in two stages. The project is scheduled for the first gold pour in the third quarter of 2022.

To read: With the rise of gold mergers and acquisitions, could the Bomboré d’Orezone project be ripe for picking?


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