Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. AqualisBraemar LOC ASA
  6. News
  7. Summary
    AQUA   NO0010715394

AQUALISBRAEMAR LOC ASA

(AQUA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

AqualisBraemar LOC : Greener Mining with Electric Vehicles

09/16/2021 | 02:12am EDT
Greener Mining with Electric Vehicles

Our Keelan Mooney writes in a series of blog posts exploring how mining will play its part in the race for a carbon-neutral world. He will look at how mining is changing and the challenges for both the mining sector and the insurance world. In today's blog post, Keelan will look at how mining can be made greener operationally with electric vehicles.

Mining is estimated to be responsible for four to seven percent of greenhouse gasses worldwide from direct mining activities. For the mining industry to achieve a reduction in its carbon footprint and be in line with climate goals its carbon emission would need to reduce by an estimated 50% by 2050, with one of the points of focus to replace diesel equipment with greener technologies. In any mining operation, there is a variety of equipment used in the mine sequences such as shovels, loaders, haul trucks, dozers and more.

Using non-fossil fuel-powered equipment provides advantages that can be appreciated by insurers and from mining companies themselves. Advantages such as:

  • Reduction in carbon pollution from operations,
  • Safer health environments for underground operation in respect to ventilation,
  • Reduced ventilation costs,
  • Less noise pollution,
  • Lower maintenance costs.

Unfortunately, everything has its downsides. When transitioning to alternative equipment powers sources such as electric, new risks may be introduced, based on specific types of operations, which insurers would consider and could include:

  • Operations in cold climates can limit efficiency/ operating time of equipment compared to diesel,
  • Change in existing infrastructure to support electric fleet, leading to more capital spend, potential construction losses, and specialized charging stations,
  • Increased reliance on constant electric power supply,
  • Limited operating range of equipment may require adjusting the mine layout,
  • Longer refueling times delaying operations which could lead to the need for additional equipment in the fleet.

The idea of the use of electric-powered equipment is not a novel concept in the mining industry, however, the deployment and evolution of electric equipment have varied by type and region and risen over the past years. The next few years will be important in the acceptance and implementation of electric fleets. As an alternative, hydrogen-powered equipment is being studied and researched could provide a further reduced carbon footprint, however, further development is required to improve the technology readiness level.



Keelan Mooney, EIT | Loss Adjuster

If you enjoyed this article and want to keep up to date with future chapters, please submit your email address below.

Email address:

Leave this field empty if you're human:

Please note: Submitting your email address subscribes you to this blog series only. You can unsubscribe at any time via the link in the email.

Disclaimer

Aqualisbraemar ASA published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 06:11:03 UTC.


© Publicnow 2021
All news about AQUALISBRAEMAR LOC ASA
10/21AQUALISBRAEMAR LOC : Longitude Engineering appoints Asia MD in clean shipping drive
PU
10/20MEET THE TEAM : Umberto Varbaro
PU
10/19AQUALISBRAEMAR LOC : OWC lands owner's engineering role for Hai Long Offshore Wind
PU
10/13AQUALISBRAEMAR LOC : Meet the ABL Class of 21!
PU
10/13MEET THE TEAM : Peter Van Der Kraan
PU
10/13AQUALISBRAEMAR LOC : David Rushton takes lead role in ABL Group's offshore energy geoscien..
PU
10/08AQUALISBRAEMAR LOC : Mining's Evolution with Digital Twins and Virtual Reality
PU
10/07AQUALISBRAEMAR LOC : ABL Group expands from offshore to onshore renewables with new senior..
PU
10/04AQUALISBRAEMAR LOC : Earnings Document
PU
10/04MEET THE TEAM : Nadrah Zaabar
PU
More news
Financials (USD)
Sales 2021 157 M - -
Net income 2021 6,99 M - -
Net cash 2021 9,00 M - -
P/E ratio 2021 17,3x
Yield 2021 4,70%
Capitalization 121 M 120 M -
EV / Sales 2021 0,71x
EV / Sales 2022 0,58x
Nbr of Employees 922
Free-Float 48,1%
Chart AQUALISBRAEMAR LOC ASA
Duration : Period :
AqualisBraemar LOC ASA Technical Analysis Chart | AQUA | NO0010715394 | MarketScreener
Technical analysis trends AQUALISBRAEMAR LOC ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1,24 $
Average target price 1,60 $
Spread / Average Target 28,7%
EPS Revisions
Managers and Directors
John David Peter Wells Chief Executive Officer
Dean Zuzic Chief Financial Officer
Glen Ole Rødland Chairman
Bader Diab Director-Engineering & North America
Reuben Segal Chief Operating Officer & Director-Middle East
Sector and Competitors