MRO Magazine

Hemlo gold mine receives energy rebates to reduce production costs

Marathon, ON - A gold mine in the Hemlo area near Marathon is getting assistance to reduce its energy costs, stay competitive and protect 545 jobs. Through Ontario's Northern Industrial Electricity Rate (NIER) program, Williams Operating Corp....


Operations

November 15, 2011
By MRO Magazine


Industries

Marathon, ON – A gold mine in the Hemlo area near Marathon is getting assistance to reduce its energy costs, stay competitive and protect 545 jobs. Through Ontario’s Northern Industrial Electricity Rate (NIER) program, Williams Operating Corp. will receive energy rebates of two cents per kilowatt-hour (kWh) to help manage its electricity costs and improve its energy efficiency and sustainability.

Ontario has provided more than $4 million to the Williams Operating Corporation, and the company will be eligible for further rebates. The three-year NIER program is averaging $150 million per year in assistance.

“At our operations here at the Williams and David Bell mines, we’re actively pursuing ways to reduce our production costs and increase competitiveness for the benefit of our company, our employees and our community,” said Andrew Baumen, general manager, Barrick Hemlo. “Williams Operating Corp. appreciates the support that the Ontario government is providing to major energy users like us in Northern Ontario through the Northern Industrial Electricity Rate Program.”

Williams Operating Corp. is one of the largest gold producers in Canada. The Williams and David Bell mines are owned and operated by Barrick Gold Corporation.

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