Weir Minerals will source renewable energy for its New South Wales and Queensland operations after signing a deal with ENGIE.
The agreement, which is referred to as Weir Minerals’ Power Purchase Agreement (PPA) is expected to reduce carbon emissions by more than 100,000 tonnes across the lifetime of the five-year agreement.
It is the first time a renewable energy provider and a major supplier in the Australian resources sector have entered a deal.
According to Weir, the PPA would help reduce its carbon footprint as part of its sustainability roadmap goals.
Weir Minerals Australia’s environmental engineer Jazib Farid said the agreement is a key part of its vision to build a sustainable business.
“Weir’s clear focus on making mining more sustainable and efficient includes leading by example and reducing the footprint of our own operations,” he said. “Through our agreement with ENGIE, we are able to increase our use of renewable energy — a key factor in building a more sustainable business.”
Several innovations will be applied through the deal, which include the integration of energy generation and supply components in the same agreement.
Farid said this has simplified the agreement and cashflow process, enabling Weir to spend more time on its core business operations.
“ENGIE is in a unique position to utilise our understanding of the wholesale energy market to design solutions for customers transitioning to a carbon-neutral economy,” ENGIE ANZ executive general manager of energy management Andrew Hyland said. “For the Australian mining sector specifically, renewable PPAs offer price and stability benefits which can underpin and enable investments and the greening of supply chains.”
More than 8900 people are employed by Weir worldwide, which supplies solutions in mining, quarrying, dewatering, transportation, milling, processing and waste management activities.