Robex Resources Inc.: Vivo Energy and Robex to Set up a Solar Power Plant at the Nampala Mine
October 27 2020 - 1:20PM
Robex Resources Inc. (“Robex” or “the Company”) (TSXV: RBX/FWB:
RB4) and Vivo Energy, which sells and distributes Shell and Engen
branded fuels and lubricants in Africa, have reached an agreement
for Vivo Energy to supply solar energy to the Nampala mine for a
period of five to fifteen years.
Christian Chammas, CEO of Vivo Energy, made the
following comments about the transaction: “This project with Robex
is Vivo Energy’s first contract with one of our commercial
customers to supply fuel, combined with a hybrid solar energy
solution. We believe that there are many advantages of our
innovative partnership to provide a comprehensive energy solution
to our commercial customers and we look forward to extending our
offer to our current and future customers to help them reduce their
costs and CO2 emissions.”
Benjamin Cohen, CEO of Robex, commented on the
transaction by stating: "We are proud to introduce solar energy
into our mining business. This energy will enable us to reduce our
carbon impact by approximately 60,000 tonnes over ten years,
provide us with a complementary source of energy to stabilize our
electricity production and reduce our production costs, which are
among the lowest in the world. This facility is expected to reduce
the cost of the KW currently consumed by the mine operations by
$ 0.04.”
This project includes a 3.9 MWp photovoltaic
power plant and a battery capacity of 2.6 MWh which, thanks to the
energy management system, will be fully integrated into the mine’s
existing thermal power plant.
Khadidiatou Fall, the new General Manager of
Vivo Energy Mali, added: “I’m very excited about the idea of
embarking on this revolutionary project. Our mining clients are
always looking for ways to reduce their operational costs and
improve their sustainability. With this hybrid solar/fuel solution,
we can help them achieve both goals.”
The company President, Mr. Georges Cohen, added:
“I’m very pleased to have reached this agreement, which is in line
with our long-term vision for our operations on this deposit. It
will allow us to further improve our profitability, reduce our
dependence on fossil fuels and significantly improve our impact on
the environment. This project reinforces our environmental policy
and reflects our desire to participate in the fight against global
warming and to reduce our environmental footprint. I would like to
thank Vivo Energy for having placed its trust in us and for working
with us on this successful project.”
About ROBEX
Robex Resources Inc. is a Canadian mining
company operating in gold production and exploration in West
Africa. The Company operates the Nampala mine in Mali, which
reached the commercial production stage on
January 1, 2017.
For information:
Robex Resources Inc.
Benjamin Cohen, CEOAugustin Rousselet,
CFO/COOHead office: (581)
741-7421info@robexgold.com
This news release contains statements that may
be considered “forecast information” or “forecast statements” in
terms of security rights. These forecasts are subject to
uncertainties and risks, some of which are beyond the control of
Robex. Achievements and final results may differ significantly from
forecasts made implicitly or explicitly. These differences can be
attributed to many factors, including market volatility, the impact
of the exchange rate and interest rate fluctuations, mispricing,
the environment (hardening of regulations), unforeseen geological
situations, unfavourable operating conditions, political risks
inherent in mining in developing countries, changes in government
policies or regulations (laws and policies), an inability to obtain
necessary permits and approvals from government agencies, or any
other risk associated with mining and development. There can be no
assurance that the circumstances set out in these forecasts will
occur, or even benefit Robex, if any. The forecasts are based on
the estimates and opinions of the Robex management team at the time
of publication. Robex makes no commitment to make any updates or
changes to these publicly available forecasts based on new
information or events, or for any other reason, except as required
by applicable security laws. The TSX Venture Exchange or the
Regulation Services Provider (as defined in the policies of the TSX
Venture Exchange) assumes no responsibility for the authenticity or
accuracy of this news release.
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