Agenda

Workshop 1: An introduction to mining for renewables professionals

workshopbanner

The aim of this workshop is to provide renewable energy professionals with a comprehensive understanding of the mining industry. Participants will gain a greater understanding of the operational practices pivotal to mining, be able to interpret essential terminology and feel more comfortable interacting with core mining staff by having a clearer understanding of the key concepts involved in mining. This workshop also aims to enhance the understanding of the business of mining for renewable energy professionals.

The agenda has been developed by Energy and Mines and r4mining.com and is presented by Arnoldus Mateo van den Hurk Mir, Ph. D., CEO, r4mining.com

Workshop feedback from previous attendees:

“I found Arnold’s workshop to be the highlight of the conference. For those new to the mining sector, it will lodge you to get the most out of the conference. And for mining veterans, it helps provide perspective and clarity on corporate priorities in the industry.” – Panasonic

“What you presented was a very sophisticated yet practical review of the mining industry.” – Barrick Gold

9:00

Session 1: Mining introduction and planning

Mine lifecycleScreenshot 2015-12-11 15.35.48

From exploration to exploitation

Blasting, hauling and comminution

Concentration, smelting and refinery

Commodities transport and mining ports

10:40

Break

11:00

Session 2: Mine economics and mine company structure

Minerals and metals economicsScreenshot 2015-12-11 15.36.01

Commodity markets, drivers and trading

Metals valuation and stock markets

Organization, job roles and profiles in mining

Market structure: companies and countries

12:30

Lunch

13:00

Session 3: Energy uses in mining

Open pit mining energy use and demandScreenshot 2015-12-11 15.36.14

Underground mining energy use and demand

Energy use in beneficiation and metallurgy

Mining water demand and energy

Fuel linked to transport: Electric vehicles

14:40

Break

15:00

Session 4: Mining, environment and CSR

Mining environmental impactsScreenshot 2015-12-11 15.41.12

Mine closure and reclamation

Corporate Social Responsibility

Renewables Value Proposition: Final Summary

17:00

Close

18:00

Summit Opening Reception

13.30

Workshop 2: Sunshine for Mines Workshop - In Association with Energy and Mines London Summit

The Carbon War Room is hosting a half-day interactive workshop for senior mining executives and renewable energy experts to develop collaborative solutions for accelerating deployment of on-site renewable energy systems for the mines around the world. The focus of this workshop is on breaking down the barriers preventing development of renewable energy systems at mining sites where they are profitable today.

Carbon War Room will also present short case studies that provide an introduction to the Sunshine for Mines Initiative through which the organization helps mining firms assess the technical and economic feasibility for renewable energy, and run a competitive procurement process. Its interactive format will also encourage feedback and questions from mining and renewables participants on this approach, and the opportunities for fostering further collaboration between the sectors.

Carbon War Room (CWR) was founded in 2009 as a global nonprofit by Sir Richard Branson and a group of likeminded entrepreneurs to accelerate the adoption of business solutions that reduce carbon emissions at gigaton scale and advance the low carbon economy. CWR merged with Rocky Mountain Institute (RMI) in 2014 and now operates as an RMI business unit. The combined organization engages businesses, communities, institutions, and entrepreneurs to transform global energy use to create a clean, prosperous, and secure future. The organization has offices in Snowmass and Boulder, Colorado, New York City, Washington D.C., and Beijing.

The goal of the Sunshine for Mines Initiative is to rapidly accelerate the installation of renewable energy capacity, integrated into the power systems of on- and off-grid mines around the world. CWR accomplishes this goal by making it easier, faster, and less risky to procure such energy from independent power producers.

Participation is by invitation.

If you are interested in participating, contact andrew.slavin@energyandmines.com

 

8:30

Coffee & Registration

8:55

Chair’s Opening Remarks

Adrienne Baker, Director, Energy and Mines

9:00

Welcome Address

Tobias Ellwood MP, Parliamentary Under Secretary of State for the Foreign and Commonwealth Office, UK Government

9:10

Keynote: Driving Innovation and Development for Renewables & Mining

Dr. Abdelkader Amara, Minister of Energy, Mining, Water and Environment, Morocco

Morocco, a world leader in mining, is setting strong targets and investment support, valued at $35 bn, for the development of solar, wind and hydro projects.

KEYNOTE SESSION: STRATEGIC ENERGY CHOICES FOR MINES

9:30

Keynote Panel: Strategic Energy Choices for Mines

Chair: Joel Link, Vice President of Development and Global Head of Mining Development, SolarReserve

Maciej Majchrowicz, Member of Business Development and Strategy team, KGHM

Tim Williams, CEO, Andiamo Exploration

Vicente Gutierrez, VicePresident, CONFEDEM

In this opening panel, experienced mining leaders will discuss the impact of business pressures on energy choices and provide strategic insight on how they are evolving the power strategies of their global operations.

  • Strategic insight on current business realities and their impact on energy priorities for mines
  • Understanding the top energy risks facing these companies and their plans to address them
  • What role do mining leaders see for renewables in addressing energy challenges for the sector?
  • How are energy cost and security challenges impacting mine production and expansion plans?
  • What additional drivers are shaping energy considerations for the sector – i.e. carbon pricing?
  • What are the preferred financial models when investing in new energy infrastructure?
  • How do experienced miners see the energy supply mix of mines evolving in the near-term?
10:20

Networking Break

DRIVING ENERGY SAVINGS WITH RENEWABLES INTEGRATION

Session Chair : James Watson, CEO, SolarPower Europe

10:50

Session 1: Driving Energy Savings with Renewables Integration

Rising electricity and diesel costs combined with power disruptions are hampering the competitiveness and growth of the global resource sector. These are the major drivers behind mines investing in renewable energy to help power remote and grid-connected operations. This session will feature mining leaders that have assessed renewable energy options for existing operations including operational results from wind and solar projects powering mines.

10:50

Joint Case Study: Lowering Operating Costs and Building a Legacy Asset with Renewables

Dan Bansah, Head of Projects & Operations, Banro Corporation

Keith Ainsley, Senior Engineer, Knight Piesold

Insight on Banro’s decision to invest in hydropower to lower energy costs for its operations in DRC

  • Financing options, development models and energy savings expectations
  • Additional benefits renewables can offer in boosting social license to operate and creating a legacy asset
11:10

Case Study: High Penetration Solar for an Off-Grid Mine: DeGrussa’s World-Leading Example

Romain Desrousseaux, Deputy CEO, Neoen

11:30

Joint Case Study: The South Deep PV Project: Integrating Solar to Power Mining Operations

Duncan Stevens, Vice President: Group Sustainable Development, Gold Fields

Jules Kortenhorst, CEO, Carbon War Room and Rocky Mountain Institute

Gold Fields, a globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. The gold leader has issued an RFP  for a 40MW on-site PV system with option for energy storage for its South Deep gold mine in South Africa.

  • Insight on the energy security planning and review process conducted in collaboration with the Carbon War Room to identify site opportunities for renewables integration
  • Details on the optimisation study, project scope, timeline, RFP process and next steps
11:50

Realizing Operational Energy Savings with Hybrid Solutions

Nir Dekel, Vice President Sales & Operations - Hybrid Solutions, Belectric

12:00

Networking Lunch

UNLOCKING PROJECT FINANCE FOR RENEWABLES FOR MINES

1:10

Session 2: Unlocking Project Finance for Renewables for Mines

The biggest bottleneck preventing the uptake of renewables for mines is finance. Capex constraints restrict mines from self-financing projects and signing long-term power purchase agreements with developers is complicated by life-of-mine lengths and balance sheet requirements. Renewables developers are eager to sign PPAs with mines but are being challenged to deliver bankable projects because of the offtaker’s credit and life-of-mine risk. Drawing on London’s world-class finance expertise, this session will bring together project finance experts to discuss unlocking investment for this growing market.

1:10

Interactive Panel: Unlocking Project Finance for Renewables for Mines

Chair : Allan Marks, Partner, Milbank, Tweed, Hadley & McCloy

Eklavya Sareen, Managing Director, Resources and Energy Group, HSBC

Indranil Ghosh, Senior Advisor, Infrastructure, CBRE Capital Advisors Ltd

Bruce Huber, Managing Director, Alexa Capital

Chris Moscardelli, Director, Energy Project Finance, Société Générale

  • Insight from top project finance experts on preferred deal models for renewables for mines
  • What guarantees and securitization are lenders looking for from these deals?
  • Is the creditworthiness of mines being threatened by poor commodity performance?
  • What flexibility can be built into contracts to address variable energy usage and mine closure?
  • What innovative hedging and risk allocation strategies could work for these projects?
  • How can uncertainty on mine operation date best be managed for greenfield developments?

MANAGING GLOBAL COST CUTTING ON ENERGY

2:00

Session 3: Managing Global Cost Cutting on Energy

How are mining leaders identifying cost-cutting opportunities for global operations in today’s tough business climate while addressing long-term risks of rising energy prices and supply security? This session will bring together senior mining executives who are heading the implementation and development of energy goals for global operations.

2:00

Case Study: Energy Re-Usage and Operational Excellence

Juan Carlos Baquero, Senior Engineer, First Quantum Minerals

2:20

Joint Case Study: Reducing Operational Energy Costs and Assessing Renewables

Jennie Thomas, Environmental Services Manager, ICL UK

David Hart, Managing Director, Energy Intelligent Solutions

ICL UK operates the United Kingdom’s only potash mine, from which it produces potash for fertilizers and salt. The mine has done a great deal of work on energy efficiency but is currently reviewing its energy strategy in line with the European Union Energy Efficiency Directive to identify opportunities for further operational savings and renewables, including biomass, geothermal and solar. The presentation will cover:

  • Previous energy and renewables initiatives
  • Details of the mine’s revamped energy strategy to further reduce the site’s operating costs
  • Current renewables technologies being considered and next steps
  • Exploring external finance solutions for renewables integration and energy efficiency solutions
2:40

Interactive Panel: Managing Global Cost Cutting on Energy

Chair: Joel Link, Vice President of Development and Global Head of Mining Development, SolarReserve

Juan Carlos Baquero, Senior Engineer, First Quantum Minerals

David Hart, Managing Director, Energy Intelligent Solutions

Jennie Thomas, Environmental Services Manager, ICL UK

  • How have current capital constraints influenced your corporate energy priorities?
  • How are you identifying energy savings opportunities across your operations?
  • How is energy handled internally on operational and strategic levels?
  • Where do you see the opportunities for change in your current energy mix?
  • What is the internal thinking behind renewables integration for your operations?
  • How do you see the energy mix of mines changing over the next 3 to 5 years?
3:25

Networking Break

THE IMPACT OF CARBON PRICING ON MINING’S ENERGY STRATEGY

4:00

Session 4: The Impact of Climate Policy Developments on Mining’s Energy Strategy

Global climate policy developments will accelerate the need for mining operators to reduce their dependence on fossil fuels to power operations. This session will bring together mining leaders and climate policy experts to provide an update on carbon mechanisms in key mining markets and the impacts on energy strategies for mining operations.

4:00

Key Takeaways from COP21 for the Global Mining Sector

Tom Butler, President and CEO, International Council on Mining and Metals (ICMM)

4:10

Panel Discussion: The Impact of Climate Policy Developments on Mining’s Energy Strategy

Chair: Tom Butler, President and CEO, International Council on Mining and Metals (ICMM)

Matthew Bateson, Global Practice Leader, Energy, Environment and Climate Change, Rio Tinto

Franz Maier, Head of Corporate Energy, Environment, Health & Safety, RHI AG

Tarek Soliman, Senior Analyst, CDP Investor Research, Carbon Disclosure Project

Mark Radka, Chief, Division of Technology, Industry & Economics, UNEP

  • How are climate policy developments influencing energy choices for mines today?
  • Updates on carbon pricing in key mining centers: how are mines planning for these policies?
  • What would mining leaders like to see from carbon pricing mechanisms?
  • How are mines calculating the potential financial impacts of carbon pricing?
  • Mining leaders’ experiences in creating corporate and operational carbon strategies
  • Is there a competitive advantage to be gained from moving to low-carbon energy choices before a formal price on carbon has been established?
  • How will renewables play a key role in reducing carbon risk for mines?
  • How can the resource sector work together to foster best practices in climate mitigation and low-carbon energy choices?
5:00

Networking Drinks Reception

8:55

Chair’s Remarks

Adrienne Baker, Director, Energy and Mines

ALTERNATIVE FUNDING FOR RENEWABLES FOR MINES

9:00

Financing Renewables Through Royalty Structures

Bernard Tan, CFO, Hunter Dickinson and CEO, RE Royalties

Global mining house Hunter Dickinson has developed a unique approach to financing renewable energy projects through royalty structures. This presentation will detail this new approach to renewables financing and the implications for mine-renewables projects.

 

9:20

Session 5: Interactive Panel: Alternative Funding for Renewables for Mines

Chair: Elias Hinckley, Partner, Sullivan & Worcester LLP

Pieter Joubert, Senior Associate, Cross Boundary

Jan Dewulf, Senior Investment Officer, IFC InfraVentures

Eric Rasmussen, Director for Natural Resources, EBRD

Scott Lawrence, Partner, Glennmont Partners

Riccardo Cirillo, Managing Partner, Platina Partners

How can mines and renewables providers find new sources of capital for renewable energy for mines? This session will examine this critical question which will drive project success for smaller-scale, remote projects that aren’t attractive to traditional equity and debt providers. Private equity experts from the mining and renewables sectors will come together to discuss the appetite and starting point for attracting non-traditional investors to this growing market.

  • Analysis from private equity investors on financing these projects
  • How would different funds rate the bankability of projects?
  • How do the investment criteria and risk tolerances of these investors differ from traditional banks?
  • Examples of projects where private equity has played a role in financing renewables for mines
  • What is the starting point for sourcing and attracting this type of capital?
  • Is there a role for renewables in helping attract private equity for cash-strapped mines?

EVOLVING ENERGY PRIORITIES FOR JUNIOR MINES

10:10

Session 6: Evolving Energy Priorities for Junior Mines

Without the backing of large balance sheets, junior mines are under more pressure to streamline costs and energy has become a strong focus of potential operational savings. Decreasing energy costs has an immediate impact on profit margins for operating mines and can help in attracting investment capital for development-stage projects. This session will bring together junior mining leaders to discuss current business pressures, energy strategies and potential opportunities for renewables integration.

10:10

Interactive Panel: Evolving Energy Priorities for Junior Mines

Chair : Chris Welch, Mining Analyst, Pareto Securities and Chairman, Association of Mining Analysts

Mark Jones, CEO, Alecto Minerals

Hugo Schumann, Commercial Manager, Berkeley Energia

Christian Schaffalitzky, Managing Director & CEO, Eurasia Mining

Bart Dujczynski, Investment Director, Kulczyk Investments

  • How has the current low commodity cycle influenced your operational energy strategy?
  • How are energy risks and costs changing for your operations
  • What is the internal process for considering new energy options for a site?
  • What critical questions do you need answered before presenting new energy projects to your management and board?
  • What role do you see for renewables in addressing energy challenges for your sites?
  • Are there preferred technologies that you see playing a lead role for your operations?
  • What is the preferred business model for new energy infrastructure given capital constraints?
  • What information would assist you when weighing a wider variety of power options?
11:00

Networking Break

FINANCING RENEWABLES MICROGRIDS FOR MINES

11:30

Session 7: Financing Renewables Microgrids for Remote Mines

Financing microgrids for mines is complex since there aren’t a lot of commercial projects in operation to demonstrate the viability of financial models and results. Banks and lenders want certainty and security and the individualized nature of microgrids for mines combined with the smaller scale of these projects complicates investment. This session will bring together finance, mining and microgrid experts to explore solutions for financing mining microgrids.

11:30

Deal Analysis: Developing a Portfolio of Mining Microgrids

Arnaud Henin, Founding Partner, Gommyr Power Networks

Gommyr Networks has developed a business model for mining microgrids by collaborating with a group of mines and other industrial offtakers in the Democratic Republic of the Congo.

  • Building flexibility into the PPA model through a portfolio strategy with multiple offtakers
  • Mining participants’ views on the benefits of integrating solar and energy storage
  • How could this approach work in other key mining markets?
11:50

Case Study: Building Momentum for Mining Microgrids with Financing Solutions

Thomas Hillig, CEO and Founder, THEnergy Consulting

THEnergy is working with an international renewable energy finance company to support to provide EUR 200-400 for off-grid projects for the mining sector.

  • Understand this unique approach to financing microgrids for mine
  • Investment criteria, initial market response and potential project pipeline
  • Next steps in building this portfolio of 5 to 50 MW off-grid projects
12:10

Exploring the Economic Benefits of Solar for Mines

Nick Boyle, CEO, Lightsource Renewable Energy

12:20

Interactive Panel: Financing Renewables Microgrids for Mines

Chair: Sean Gorman, Managing Director, HCF International

Arnaud Henin, Founding Partner, Gommyr Power Networks

Olivier Fricot, Head of Power & Infrastructure Lendin, Investec

Nick Boyle, CEO, Lightsource Renewable Energy

Ad Dankers, Small Scale Renewable Energy Advisor, Power Africa Transactions and Reforms Program

Oleg Popovsky, Board Member, American Vanadium

  • How does low oil pricing affect the economics of hybrids for remote mines?
  • What are the preferred finance models of microgrids for mining operators?
  • How does this compare to what developers are looking for from these deals?
  • Given that the technology is new, what helps ensure bankability of the project?
  • How can the contract be structured to address shorter mine lives or shutdowns?
  • Ideas on innovative finance models that can work for these smaller power projects for mines
  • What sort of operational savings can mines expect from integrating renewables microgrids?
1:10

Networking Lunch

IMPLEMENTING POWER PROJECTS FOR MINES: DEVELOPERS’ EXPERIENCES

2:10

Session 8: Interactive Panel: Implementing Power Projects for Mines: Developers’ Experiences

Chair: Ignacio de Calonje, Principal Investment Officer, IFC

Daniel Gäfke, Founder and Managing Director, Annex Power

Orli Arav, Chief Investment Officer, Impala Energy

Esben Pedersen, Chief Investment Officer, Pattern Energy Group

Andrew Drager, Managing Director, juwi Renewable Energy

In this session we will hear from global renewable energy experts that have implemented projects for grid-tied and remote mines. What challenges did developers and manufacturers overcome to realize project success and how can the renewables sector evolve to better meet the specific needs of mines?

  • Detailed insight from successful renewables projects for mines – financing, implementation, etc.
  • What issues had to be overcome at the various stages of the project to ensure success?
  • How do projects for mine offtakers differ from traditional PPAs with utility offtakers?
  • How are renewables experts evolving their business strategies for mining PPAs?
  • Where do experienced developers see the most opportunities for these projects?
  • What other opportunities exist for broadening the mining-renewables relationship – i.e. transmission partnerships, reclamation initiatives, community engagement?
  • What sort of contract guarantees are developers looking for?
  • How can developers and manufacturers work together to customize their offerings to mines?
3:00

Wrap-Up Drinks Reception

3:30

Conference Close

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