Leveraging Renewable Energy Potential In Mining Sector Operations in Tanzania

Mining companies can only do with the issue of renewable energy. Because for one thing, the industry uses tremendous energy to produce resources.

On average, produce mining spends 40 percent of its budget on energy costs using primarily traditional fossil fuels such as petrol and diesel.

Mining companies have sites, some of which are extremely remote with no direct-to-local utilities.

This means they have two choices: build expensive transmission lines or use remote power sources at the site. It all comes downs to cost and comfort zone.

It is human nature to go by what we know. Although lower energy costs will benefit mining companies. Mines must overcome the initial resistance to try something “new”

Although only some companies are already implementing alternative energy, if mining operations utilized renewable energy technology to generate their own power, numerous benefits would be obtained, including lower carbon and saving operation costs.

Hussein Boffu runs a consultancy provides business planning, financial forecasts, market research reports, expert analysis and consulting for entrepreneurs and business owners. Reach out to him via email at hussein.boffu@tanzaniapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.