Renewable energy increasingly popular with mining companies

"As mining companies become more aware of the rapidly falling costs of renewables, wind and solar are set to become a growing trend in powering mining operations worldwide over the coming years, shows a new report from Fitch Solutions. On the back of carbon pricing schemes, countries and companies operating in the Americas are best positioned to lead the way in the adoption of renewables in mining... According to the Fitch report, the main reasons behind the shift away from traditional fuel sources to renewables among miners are the reduction of renewable power costs and the prospect of more reliable power supply, followed by environmental, social and governance (ESG) concerns... Mining markets with more favorable regulations and policies towards renewables will be ahead of the curve in the adoption of renewables in mining, with countries in the Americas standing out..."

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