Generation Mining Limited reports that it has received an autonomous report on the operational carbon footprint of its Marathon palladium-copper project. When the project starts production, it is expected to rank as one of the lowest in both Canada and the world per ton of copper-equivalent generated.
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The report illustrates that the Marathon project would feature the second-lowest operating footprint in Canada, at just 1.5 tons of carbon dioxide equivalent (CO2 eq.) per ton of copper equivalent generated. This was found from a comparison with 13 generating copper mines throughout the country.
On a global basis, the Marathon project would be placed in the bottom 4%. Skarn Associates predicts that carbon emissions around the world would average 4.65 tons of carbon dioxide equivalent (CO2 eq.) per ton of copper equivalent (Cu eq.) generated, with the Marathon project below one-third of that average. The carbon dioxide equivalent per ton of copper equivalent generated is as predicted by Skarn.
Not only will the Marathon deposit produce minerals that are critical to the energy transition, but as the operation is currently modeled in the Feasibility Study, these minerals will also be produced at one of the world’s lowest carbon footprints.
Jamie Levy, President and CEO, Generation Mining Limited
“Within the dynamics of changing metals markets and increased consumer awareness, Gen Mining is well positioned to produce a premium product. We are proudly located in a world class and stable mining jurisdiction with access to green energy, adding significant value to what is an already robust economic proposition,” added Levy.
Skarn Associates Limited, a metals and mining ESG research company headquartered in the United Kingdom, prepared the report. It evaluates the carbon intensity per ton of copper equivalent to being produced by Gen Mining’s Marathon palladium-copper project on average in all production years while comparing it with other Canadian and global copper producers for the year 2020.
As part of the detailed engineering and procurement processes in progress, Generation Mining will continue to look for ways to achieve a further decrease in the Marathon Project’s carbon footprint.