Gold and modern energy technologies

Gold companies sometimes also have something to do with modern energy generation.

For example, Sibanye-Stillwater, a large gold producer, began to get into platinum group metals in 2016. Now, according to the CEO, Neal Froneman, diversification into battery metals is being considered. Sibanye-Stillwater ––54n9s – Has major platinum and palladium projects in South Africa and the United States.

Platinum plays an important role in fuel cell technology, which is particularly important for transport solutions. Hydrogen and oxygen react with each other and a platinum catalyst is used to generate electricity. And fuel cell technology is being promoted and could gain in importance in the future.

There are also gold producers who rely on green energy such as solar energy, just now Caledonia mining – – to secure the power supply for the mining activities. Caledonia Mining successfully operates the Blanket Mine in Zimbabwe and pays dividends on a regular basis. Gold production is expected to rise to around 80,000 ounces of gold annually in about two years. Now Caledonia will invest in the construction of a solar power plant.

The trend towards electrification, automation and digitization does not stop at the mining sector. Electric mobility is being used more and more in mining. And the use of solar energy is also a plus from an air conditioning point of view.

Current company information and press releases from Sibanye-Stillwater (- -) and Caledonia Mining (- -).

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