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B2Gold targets 30% reduction in GHG emissions by 2030, aims to expand Fekola solar plant

Vladimir Basov

Kitco News

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(Kitco News) - B2Gold (TSX: BTO) (NYSE: BTG) announced today that the company has set a target to reduce its Scope 1 and 2 greenhouse gas (“GHG”) emissions by 30% by 2030 against a 2021 baseline.

According to a company statement, in order to achieve its GHG emission reduction target, B2Gold is pursuing initiatives to increase the proportion of renewable energy sources, electrify operations, and improve energy efficiency.

“B2Gold is proud to be an industry leader in the implementation of renewable energy solutions to actively manage our emissions. B2Gold’s Otjikoto and Fekola operations both maintain fully autonomous hybrid power plants consisting of 5.8 megawatt (“MWac”) and 30 MWac solar installed capacity, respectively,” the company said.

B2Gold also announced the expansion of its Fekola solar plant, which is currently in the detailed design stage.

“The Fekola solar plant expansion is expected to increase solar power capacity by 22 MWac, reduce GHG emissions by approximately 24,000 tonnes per year and reduce heavy fuel oil consumption by an average 7.6 million liters per year,” the company wrote in a press release.

Construction of the Fekola solar plant expansion project is expected to begin in the third quarter of 2023 and is estimated to be complete in the third quarter of 2024.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali, Colombia, Finland and Uzbekistan. B2Gold forecasts total consolidated gold production of between 1,000,000 and 1,080,000 ounces in 2023.

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By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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