Gold Fields Limited (NYSE and JSE- GFI) takes part in worldwide practice of capping greenhouse emissions and trading their value on global markets.
The Swiss plant manufacturer Hofstetter Umwelttechnik AG (Hofstetter) has been awarded the contract to build a high quality degassing and flaring unit for the gold major Gold Fields. Gold Fields, as the world's first gold-mining company to sell Certified Emission Reductions (CERs), will earn R200 million over seven years in carbon trading at its Beatrix Mine in South Africa. The Beatrix gold mine is situated in the Free State Province 240 km southwest of Johannesburg.
As technical adviser to Group Five Engineering and Construction (Group Five), Hofstetter worked out a reliable solution for the collection, transportation and disposal of the methane gas. The plant consists of a degassing station and a high temperature flare. The core part will be the supply of a complete monitoring, measuring and recording unit for the release of CERs at the United Nations Framework for Climate Change Convention (UNFCCC). Gold Field decided to install five additional flares directly on boreholes to capture the methane gas. As the gas pressure is high enough, no additionaldegassing stations are needed.
Dirk Van Greuning, Environmental Engineering Manager of the Beatrix Gold Mine said that Hofstetter, through their specialsed knowledge in gas flaring technology, offers the perfect partnership to the mine’s methane extraction project. “What I find comforting is that Hofstetter sent their company representative to the mine to verify conditions under which the flares would need to operate so as to ensure that we are provided with the perfect solution for our own unique conditions.”
Anne Wright, Operations and Systems Advisor of Group Five, commented:'Group Five are very honored to have been awarded the EPC works on this prestigious project, which has resulting from the initiative by Gold Fields, to improve working conditions underground with this creative solution and reduce greenhouse gas emissions. Group Five’s strategy is to actively promote and develop green energy projects. We selected Hofstetter because they are recognized as a major supplier of quality degassing and flaring equipment and have an excellent track record. We look forward to working with them.” Ronald Van der Vlist, Managing Director of Hofstetter said: 'The award of this prestigious project to Hofstetter once more confirms our ability to provide high tech and high quality solutions for the reduction of greenhouse gas emissions.´