Miners weigh in on green energy

摘要

Technologies in renewable energy sources such as wind, solar, hydroelectricity and bioenergy are improving, making them cheaper and attractive. However, lower commodity prices and tighter margins are among the barriers miners face when adopting these alternatives, panelists said at the recent Energy and Mines summit in Toronto. Stephen Letwin, lamgold's (TSX: IMG; NYSE: IAG) president and CEO, noted the company's operations in West Africa and South America depend largely on expensive hydrocarbons, but with the recent drop in oil prices, those costs have also fallen.