$5 Million Grant
Supports Innovation to Reduce GHG Emissions
VANCOUVER, Oct. 29, 2018 /CNW/ - GOLDCORP INC. (TSX:G,
NYSE:GG) ("Goldcorp") is pleased to announce the Government of
Canada intends to support its
Borden Project as the recipient of a $5
million investment designed to spur innovation in cleaner,
more sustainable mining.
The Borden Project located in Chapleau, Ontario, will be the first
underground mine in Canada to
replace all diesel mobile equipment with battery electric
vehicles.
"We believe the days of diesel use for underground mining
equipment are numbered and electrification of our mobile fleet is a
logical way to significantly reduce the mine's environmental
footprint," said David Garofalo,
Goldcorp's President and CEO. "We are partnering with like-minded
technology suppliers like Maclean Engineering and Sandvik,
provincial and federal governments and First Nations to
commercialize clean technologies, improve health and safety
performance, and reduce GHG emissions with the aim of improving the
viability, sustainability and profitability of our mines. It's
gratifying to see multiple levels of government support innovation
and our vision of a safer, greener mining industry."
The project would be funded by Natural Resources Canada's Clean
Growth Program, which is a $155
million investment fund for clean technology research and
development and demonstration projects in three Canadian sectors:
energy, mining and forestry.
"Improved environmental performance in Canada's mining sector is one of the key paths
to a low-carbon economy," said the Honourable Amarjeet Sohi,
Canada's Minister of Natural
Resources. "This project helps advance clean technologies to
commercial readiness, creates good middle class jobs and reduces
greenhouse gas emissions."
Borden is a key part of
Goldcorp's plan to increase production by 20% by 2021 and is
expected to begin commercial production in the second half of
2019.
Goldcorp has successfully spurred innovation in the mining
sector through its #DisruptMining challenge and has invested over
$10 million in a range of start-ups
and new technologies in the past two years. #DisruptMining offers
entrepreneurs a platform to bring disruptive and exponential
technologies to the sector, whether it's unlocking exploration
opportunities; finding operational and production efficiencies;
reducing the environmental footprint and delivering on
sustainability commitments; or developing alternative ways to
finance capital projects.
Any innovator interested in pitching their idea at the
#DisruptMining innovation expo and "shark-tank" style live event is
encouraged to submit an application. Full application details and
requirements can be found at: www.disruptmining.com. Submissions
will be accepted until November 5,
2018.
About Goldcorp www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this document constitute forward-looking
statements. In making the forward-looking statements, the Company
has applied certain factors and assumptions that are based on the
Company's current beliefs as well as assumptions made by and
information currently available to the Company, including that the
Company is able to execute the challenge in accordance with the
terms described herein. Although the Company considers these
assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the
forward-looking statements are subject to numerous risks,
uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such
forward-looking statements. Such risk factors include, among
others, those matters identified in its continuous disclosure
filings, including its most recently filed annual information form.
Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
For further information please contact:
INVESTOR
CONTACT
|
MEDIA
CONTACT
|
Shawn
Campbell
Director, Investor
Relations
Telephone: (800)
567-6223
E-mail:
info@goldcorp.com
|
Christine
Marks
Director, Corporate
Communications
Telephone: (604)
696-3050
E-mail:
media@goldcorp.com
|
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content:http://www.prnewswire.com/news-releases/goldcorp-named-as-recipient-of-canadas-clean-growth-program-funding-300739177.html
SOURCE Goldcorp Inc.