News
Important Only
Indonesia shares higher at close of trade; Jakarta Stock Exchange Composite up 0.74%
Investing.com – Indonesia equities were higher at the close on Thursday, as gains in the Infrastructure, Financials and Agriculture sectors propelled shares higher.At the close in Jakarta, the JakartaInvesting.com
Thu, Sep 19
Solidcore Resources plc: Green Energy Project Approval
EQS Newswire / 19/09/2024 / 09:30 MSKSolidcore Resources plc (“Solidcore” or the “Company”) is pleased to announce that the Board of Directors has approved the construction of green energy power plants at Varvara mine.“Our path to net zero along with Kazakhstan’s decarbonisation efforts underpin Solidcore’s full transition to clean energy sources. Today the Board approved the construction of solar and gas power plants at Varvara, which will result in significant carbon footprint and energy cost reductions”, said Vitaly Nesis, Group CEO of Solidcore Resources plc.The Company plans to invest approximately US$ 55 million in the construction of a 23 MW solar power plant and a 40 MW gas piston power plant at Varvara. The gas piston station aims to maintain a steady power supply by balancing uneven solar energy generation. The plants are expected to be launched in Q2 2026 and will almost fully replace third-party electricity from coal power stations, reducing dependence on external power sources and mitigating the impact of rising energy tariffs. Next year, the Board will be considering construction of a 17 MW solar power plant at Kyzyl. With its commissioning planned by the end of 2026, both of the Company’s mines will switch from purchased grid to self-generated clean energy, leading to a projected 27% reduction in the Company’s GHG emissions compared to 2023. Enquiries Investor Relations Media Evgeny Monakhov Alikhan Bissengali +44 20 7887 1475 (UK) Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTSThis release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.19/09/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Sep 19
