Africa-focused Giyani Metals (TSXV:EMM) said yesterday it will study the feasibility of a $10.5 million solar plant.
Tetra Tech conducted the initial solar plant study that led to the feasibility stage.
Giyani will study 14 MW solar array with a 0.3 km2 footprint. The company estimates a net savings of $2.8 million a year and saving 63,000 million tonnes per year of CO2.
CEO Robin Birchall said solar plant improves company’s marketability.
“A solar plant generates many advantages for the K.Hill project. It creates operating cost savings, it improves our carbon footprint, and because of this we expect it to improve the marketability of our high purity manganese. Therefore, we expect this initiative to not only further improve our K.Hill project NPV, but also to provide a positive impact for the environment,” said Birchall.
“We believe that there are several attributes that are unique to K.Hill, one of which is access to an abundant source of renewable energy that we can harness to our advantage. As announced on October 2, 2020 the company appointed Minviro to conduct an ISO compliant life cycle assessment. The Solar Plant will be included in this analysis. It is our focus to become one of the lowest carbon footprint producers of high purity manganese, which in turn we expect should attract a premium price for our product.”
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