Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Chile's Codelco trials fully-electric loader in bid to cut emissions

Published 11/16/2022, 02:58 PM
Updated 11/16/2022, 03:03 PM
© Reuters. A LHD electric loader is charged inside the Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile, November 16, 2022. REUTERS/Natalia Ramos
HG
-

By Natalia A. Ramos Miranda

EL TENIENTE MINE, Chile (Reuters) - A huge fully electric-powered 14-ton loading shovel has begun operating at Chile's century-old El Teniente copper mine, in what state miner Codelco said on Wednesday was a first for South America.

Codelco, the world's largest copper producer, said the equipment the loader and hauler, developed by Swedish manufacturer Epiroc is the first 100% electric machinery of its kind to operate in the region.

This comes as global leaders meet in Egypt for the COP 27 climate summit to discuss how to mitigate the harmful costs of rising fossil fuel emissions.

The loader, which runs off rechargeable batteries, will be tested for a year in the key Chilean copper mine, while the company compares its performance with diesel-run machinery.

"We hope there will be more autonomy [with batteries] which can allow us to reach the levels of productivity achieved with conventional technology," Chief Executive Officer Andre Sougarret said during the project's launch.

In one year, the new system is set save 433 tonnes of greenhouse gas emissions and 160,000 liters (42,267.53 U.S. gallons) of diesel consumption. It would also reduce noise and cut maintenance costs by some 60%.

El Teniente, located in the highlands some 76 kilometers (47 miles) southeast of Chile's capital, produced 459,817 metric tons of copper last year.

© Reuters. A LHD electric loader is charged inside the Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile, November 16, 2022. REUTERS/Natalia Ramos

Halfway through this year, the site saw the introduction of a fleet of electric buses for workers, three years after the world's first hybrid cargo truck was launched there.

Codelco plans to cut greenhouse gas emissions by 70% by 2030, as it looks to meet targets set by Chile's government in recent years. Leftist President Gabriel Boric has looked to toughening climate regulations, while investors grow ever more concerned by environmental precautions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.