The Prospector News

Government of Canada funds IAMGOLD Corporation to electrify mining operations and reduce emissions in Ontario

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Government of Canada funds IAMGOLD Corporation to electrify mining operations and reduce emissions in Ontario

 

 

 

 

 

Achieving Canada’s emissions reduction goals and protecting our natural environment requires concerted action from all levels of government, individual Canadians, and all industry sectors.

 

The Honourable Steven Guilbeault, Minister of Environment and Climate Change; Marc G. Serré, Member of Parliament for Nickel Belt; and Viviane Lapointe, Member of Parliament for Sudbury, announced an investment of up to $1.48 million from the Low Carbon Economy Fund to help IAMGOLD Corporation reduce greenhouse gas emissions from its mining operations at their Côté Gold mine in Sudbury, Ontario.

 

As part of the project, the IAMGOLD Côté Gold mine will acquire electric-powered dewatering pumps and mobile lighting towers, replacing the diesel-powered equipment currently in use at the mine. IAMGOLD will also upgrade the mine’s on-site electrical infrastructure to support these new components, as well as an aggregate crusher that was previously powered by a diesel generator. This project will provide clean energy to the mine’s operations and additional electric grid resilience for the accommodations camp and polishing pond pump house, significantly reducing the reliance on diesel.

 

By switching from diesel-driven equipment to cleaner electricity, the project is set to eliminate an estimated 7,500 tonnes of carbon dioxide equivalent (CO2e) emissions in 2030—which is like planting approximately 300,000 trees—thereby promoting cleaner solutions in the mining industry in Ontario.

 

Projects supported by the Low Carbon Economy Fund are helping sectors like the mining industry work toward innovative solutions that will allow them to reduce emissions and create jobs while building a strong, sustainable future for generations to come.

 

Quotes

 

“Reducing emissions and protecting our planet takes bold and innovative action. The Low Carbon Economy Fund is supporting cleaner energy solutions that can decarbonize key industries, like the mining sector. IAMGOLD’s electrification project is another example of how we can advance sustainable practices in key sectors when we work together.”
– The Honourable Steven Guilbeault, Minister of Environment and Climate Change

 

“Receiving funding through the Low Carbon Economy Challenge Fund has allowed Côté Gold to take a significant step forward in our commitment to sustainability and operational efficiency. This investment will allow us to reduce our reliance on diesel while modernizing our pit pumping with infrastructure powered by low-carbon electricity. These upgrades align with our long-term vision of improving energy efficiency, reducing our carbon footprint, and enhancing the overall reliability of our operations.”
– Bryan Wilson, Vice President and General Manager, Côté Gold mine

 

“Mining is at the heart of our region’s economy, and projects like this show how Canadian mining is a leader in innovation. By electrifying operations at Côté Gold, IAMGOLD is cutting emissions while keeping our mining industry strong and competitive. This investment demonstrates our commitment to a cleaner future without compromising economic growth.”
– Marc G. Serré, Member of Parliament for Nickel Belt

 

“Sudbury has a long and proud mining history, and we continue to lead the way in sustainable mining practices. Supporting clean technology in the mining sector helps ensure the industry remains strong and continues to drive economic growth. By reducing reliance on diesel, IAMGOLD is helping to build a cleaner and more resilient future for mining in Ontario.”
– Viviane Lapointe, Member of Parliament for Sudbury

 

Quick facts

  • The Low Carbon Economy Challenge Fund is supporting projects across the country that invest in proven, low-carbon technologies to reduce greenhouse gas emissions.
  • The Low Carbon Economy Fund is an important part of Canada’s clean growth and climate action plans, including the Pan-Canadian Framework on Clean Growth and Climate Change and the 2030 Emissions Reduction Plan – Canada’s Next Steps for Clean Air and a Strong Economy.
  • Côté Gold, operated by IAMGOLD, is a gold-mining operation near Sudbury, Ontario, serviced by autonomous haul trucks and drills with an estimated 18-year mine life. It began commercial production in 2024. IAMGOLD, a Canadian-based intermediate gold producer with operations in North America and West Africa employing approximately 3,600 people, is committed to maintaining its culture of accountable mining through high standards of environmental, social, and governance practices.
  • Over its 18-year life, Côté Gold is expected to contribute $10 billion to Ontario’s GDP, $5 billion in wages, and provide nearly 600 full-time jobs. It will not only become one of Canada’s largest gold producers but also a model for modern and sustainable mining with considerable growth opportunities.

 

Associated links

 

Posted March 15, 2025

Share this news article

MORE or "UNCATEGORIZED"


Spanish Mountain Gold Announces Larger Scale Preliminary Economic Assessment With a Base Case NPV5% After-Tax of C$1.0 Billion, 18.2 % IRR and 3.4 Year Payback at US$ 2,450/Oz Gold Price; at US$3,300/Oz Spot Gold Price NPV5% C$2.3 Billion, 32.0% IRR and 2.0 Year Payback; Including an Updated Mineral Resource Estimate for Its Spanish Mountain Gold Project

Spanish Mountain Gold Ltd. (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF)... READ MORE

July 4, 2025

Aura Announces Preliminary Q2 2025 Production Results

Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) is plea... READ MORE

July 4, 2025

Cascadia Announces Closing of Financing

Cascadia Minerals Ltd. (TSX-V:CAM) (OTCQB:CAMNF) is pleased to an... READ MORE

July 4, 2025

Abcourt Closes US$ 8M Loan Facility to Start Sleeping Giant Mine

Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to anno... READ MORE

July 4, 2025

Mishkeegogamang First Nation and First Mining Sign Long Term Relationship Agreement for the Development of the Springpole Gold Project

Agreement setting out the significant participation of Mishkeegog... READ MORE

July 4, 2025

Copyright 2025 The Prospector News