The miner plans to install a further 20MW by 2024, for a total of 30MW, which should bring the savings to around R100m a year
Mid-tier gold producer Pan African Resources said on Monday it was saving between R2.5m and R3m a month on energy bills thanks to a 10MW solar plant at Evander Mines.
Energy regulator Nersa recently granted power utility Eskom tariff increases of 18.65% for 2023 and 12.7% in 2024. The company said its Barberton underground operations experienced a number of headwinds in maintaining and increasing gold production, including above-inflation increases in labour and energy costs.
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