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McEwen goes 100% renewable at Los Azules

29th August 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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The Los Azules copper project, in Argentina, will be fully powered by renewable energy, dual-listed McEwen Mining announced on Wednesday.

McEwen Copper, in which McEwen Mining has a 48% shareholding, has signed an agreement with YPF Luz to supply renewable energy to the project.

The agreement also includes connecting the project to the Argentine Interconnection System (SADI) through a high-voltage transmission line, the design, construction and financing of which will be carried out by YPF Luz.

The energy to be supplied will be sourced from YPF Luz’s renewable assets connected to SADI.

“Los Azules will play a critical role for Argentina and the world by significantly contributing to decarbonisation. The geological potential of the project will position San Juan on the international map of resources for the energy transition, and in this context, YPF Luz is a strategic ally to help us achieve our goal of being 100% renewable,” said McEwen Copper VP and general manager of the Los Azules project Michael Meding.

Los Azules is being designed to be distinctly different from a conventional copper mine by consuming significantly less water, emitting much lower carbon - progressing towards carbon neutral by 2038, and being powered by 100% renewable electricity once in operation.

Edited by Creamer Media Reporter

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