Renewable Energy in the South American Mining and Metals Industry

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As the suppliers of the minerals and metals that are critical to decarbonisation and sustainable development, the mining and metals industry has a particular responsibility to minimise the impact of its operations on the environment.

ICMM members are assessing local challenges and opportunities to advance operational-level solutions as part of their commitment to net zero Scope 1 and 2 GHG emissions by 2050 or sooner. One key area of focus is on reducing the emissions from purchased electricity (Scope 2 emissions), which represent about 40 per cent of direct and indirect GHG emissions from ICMM members.

As renewable energy becomes more and more accessible, ICMM members are making significant efforts to power their mines with green energy. A report by Wood Mackenzie on renewables for the mining sector shows that mining companies are likely to add 18.5 GW of cumulative renewable capacity to operations by 2025. It is expected that almost 50 per cent of this capacity will be deployed in Latin America – a region with exceptional renewable resources.