Polyus Management Company LLC and Gazprom Helium Service LLC have signed a cooperation agreement. The parties will explore the option of implementing a pilot project to use liquefied natural gas (LNG) for Polyus’ mining fleet and off-grid gas supply to the boiler facilities at Polyus Aldan JSC in the Republic of Sakha (Yakutia).
In early 2024, Polyus Aldan decided to replace coal with less carbon-intensive fuel at its three boiler facilities. The project is set for completion by 2027 and will help the company to reduce its emissions by more than 50,000 tonnes of СО₂ per year.
The agreement was signed on 10 October 2024 at the Saint Petersburg International Gas Forum.
Alexey Kaplun, Energy Development Director at Polyus, commented:Diesel and coal fuel are the key sources of СО₂ in the mining industry used for mining vehicles and for heat and electricity generation. The reduction in greenhouse gas emissions from the transition to less carbon-intensive energy sources, mainly natural gas, is a priority of Polyus’ Climate Strategy. We anticipate that the project will have a positive economic and environmental impact.
Polyus
Polyus is a top five global gold mining company by production volumes and one of the largest gold miners in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk Territory, Irkutsk and Magadan Regions and the Republic of Sakha (Yakutia).
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Forward looking statement
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