【Longjing Environmental Protection】Zijin Mining announcement + Tengyuan Cobalt similar projects confirm the economic advantages of mine green electricity, with broad space and outstanding returns! 【Dongwu Environmental Protection | Mining Dual Carbon】

English summary

Event: Tengyuan Cobalt invested in the construction of the Lufulpa hydropower station in the Democratic Republic of Congo (DRC). Zijin Mining's official account once again mentioned electric mining trucks and mine green electricity. 1. Tengyuan Cobalt: The Lufulpa project in DRC has a total installed capacity of 100MW (49MW hydropower + 54.72MW solar PV) with a total investment of approximately $157 million; 90% of the electricity will be preferentially supplied to the DRC Tengyuan factory at a power price of about $0.18/kWh, lower than the current imported electricity price from Zambia of about $0.25/kWh and diesel power generation cost of about $0.80/kWh. The company estimates post-tax IRR for the first and second phases at 18.40% and 24.79%, respectively. 2. Zijin Mining: The 200MW new energy independent power grid project at Lagco Salt Lake reduced Zijin Mining's electricity cost # from 3 yuan/kWh for diesel power generation to 0.74 yuan/kWh, with cumulative cost reduction exceeding 1 billion yuan since operation. The logic of direct green power connection for mining areas is strengthened; #peer power prices and Zijin's cost reduction data strongly support the rationality of Longjing's electricity pricing! Project returns are outstanding (equity IRR 20%+). ...