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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Emily Thorn Corthay, Founder & CEO,

THORN ASSOCIATES

"We need to ensure that greenhouse gas data, which is mostly energy data, is up to the same level of rigor and verification as financial data."

Can you highlight some success stories where Thorn Associates supported clients with regards to decarbonization and energy management?

Thorn Associates has assisted many mining companies in developing their climate change strategies. We have an exciting climate change strategy project with Yamana Gold. They initially aimed to achieve a 2 degree target, but now, based on work that we have done with them, they are planning to raise their ambition and commit to a science-based 1.5 degree target. Thorn Associates did both a top down and bottom up approach to show the implications of a 2 degree and a 1.5-degree target. We did workshops at all of their sites and looked at greenhouse gas reduction opportunities, as well as climate change risks and opportunities and climate change resiliency aligned with the Task Force on Climate-Related Financial Disclosures recommendations. Another one of our mining clients has committed to net negative emissions by 2050 through both removing its GHG emissions to as close to zero as possible and in addition, to net positive biodiversity.

What is the best strategy for the mining sector to truly have an impact on the planet?

In terms of decarbonization, there are two major aspects that mining companies need to consider – using renewable electricity and electrifying mobile equipment. Mining companies need to get as much of their energy consumption from renewable electricity as this contributes approximately 30-60% to their carbon footprint. With great progress being made on battery electric solutions, electrifying your fleet and equipment can contribute greatly to decarbonization. Another solution is to implement conveyors into the process wherever possible to limit the need for diesel vehicles. The Science Based Targets initiative has recently come out with a new net-zero standard which specifies that companies should first try and reduce emissions as much as possible and only use carbon offsets for residual emissions which should be no more than 5% to 10% of your total emissions. In addition to the two large decarbonization levers, namely renewable electricity and a zero carbon fleet, energy efficiency should also continue to be optimized.

Can you define what net-zero actually looks like in business?

Net-zero refers to when a company no longer has a net release of carbon dioxide equivalent emissions. From a net-zero perspective, the target is to completely negate the amount of greenhouse gases produced by human activity into the atmosphere, which can be achieved by reducing emissions through renewable electricity usage and electrification and implementing methods of absorbing carbon dioxide from the atmosphere.

Is it possible for the world to reach decarbonization targets without sequestering or something more radical?

Carbon sequestration is an important technology contributing to decarbonization efforts, but is not necessary in all commodity mining practices. For example, in gold mining sequestering would often not be necessary to reach a net-zero target, but in the steel industry, carbon sequestration will likely be required. Sequestration is currently still a very expensive technology and if a sector can reach net-zero without it, less expensive options would be preferred.

What role do renewable energies, particularly wind and solar, play in our current transition economy since both cannot really replace fossil fuels and still need fossil fuel backups?

Renewable sources of energy such as wind and solar will play a major role as battery prices for utility scale batteries are continuing to come down exponentially. Instead of a fossil fuel backup, the possibility for a battery backup is there, and many companies have already started to incorporate battery backup for their renewable energy sources, where the batteries can also be charged on renewables. Renewable energy is experiencing substantially more new growth than fossil fuels and will continue to play a major role in this transition era.

Do you have a final message for our readership?

As a sector, I believe that we need to move forward on better data validation and verification for greenhouse gasses. We need to ensure that greenhouse gas data, which is mostly energy data, is up to the same level of rigor and verification as financial data.

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Leading the Charge