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Sep 15, 2021

   

Industry News

From a whisper to a roar. What the mining industry needs to do to catch up to the electrification wave

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A MacLean battery electric vehicle (BEV) working underground

What started with a few key early adopters taking important steps towards battery electrification over the past decade has now slowly but surely gone from the margins to the mainstream.

There is a famous exchange in English literature:

”How did you go bankrupt?”

“Two ways. Gradually, then suddenly.”

These lines, from Ernest Hemmingway’s The Sun Also Rises, are favoured by stock market pundits.

But they also provide a perfect description of how the Canadian underground mining industry is experiencing the transition toward full electrification of mobile equipment. What started with a few key early adopters taking important steps towards battery electrification (KL Gold and Borden Gold), has now gone from the margins to the mainstream.

Major development-stage projects in Quebec, Ontario, and Saskatchewan are all either signaling their active consideration of diesel-free fleets or have already designed their mines that way.

Case in point: diesel vs. EV trade-off evaluations are now standard practice for project evaluations, as major miners actively pursue long-term carbon reduction goals while at the same time wanting to take decisive steps towards improving workplace environments for their employees. Adoption of BEVs as one component of major producers’ carbon reduction plans and ESG commitments is becoming an inevitability.

The momentum grows with each successive project that places fleet electrification at the centre of its sustainability and investor strategy. Here in Canada — and eventually in other parts of the global underground mining community — the wheels of change may initially move slowly but they keep moving forward and are picking up speed.

Read the full article from Electric Autonomy HERE.