McEwen Mining Partners with YPF Luz for Renewable Energy at Los Azules Project
TL;DR
McEwen Mining has reached an agreement with YPF Luz to power its Los Azules copper project with renewable energy, gaining a strategic advantage in sustainability and resource development.
The agreement covers the supply of renewable energy through a high-voltage transmission line, with YPF Luz responsible for the development and financing of the line, ensuring a reliable and sustainable energy source for the project.
The use of renewable energy for the Los Azules copper project will significantly contribute to decarbonization and the energy transition, positioning San Juan on the international map of resources for a sustainable future.
YPF Luz, a leader in power generation since 2013, is a strategic ally for McEwen Copper in achieving its goal of being 100% renewable, making a positive impact on the environment and energy transition.
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McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), a prominent gold and silver producer, has announced a strategic partnership with YPF Energía Eléctrica S.A. (YPF Luz) to supply renewable energy for its Los Azules copper project in Argentina. The agreement involves the development and financing of a high-voltage transmission line by YPF Luz to facilitate this energy supply.
The Los Azules project is seen as a critical asset for both Argentina and global efforts to combat climate change. Michael Meding, Vice President of McEwen Copper, emphasized the project's role in decarbonization, stating that it will help position San Juan on the international resources map for the energy transition. He also highlighted YPF Luz as a strategic ally in achieving the goal of 100% renewable energy for the project.
YPF Luz, an Argentine company established in 2013, is a leader in power generation and will be instrumental in the renewable energy transition for the Los Azules project. This partnership not only underscores the importance of renewable energy in mining operations but also sets a precedent for how large-scale industrial projects can align with global sustainability goals.
The implications of this agreement are significant. By integrating renewable energy into its operations, McEwen Mining is contributing to the reduction of carbon emissions, which is crucial for mitigating climate change. Additionally, this collaboration may inspire other mining companies to adopt similar sustainable practices, thereby amplifying the impact on the industry and the environment.
For more information on McEwen Mining and its initiatives, visit www.McEwenMining.com.
Curated from InvestorBrandNetwork (IBN)
