Nordgold-Amsterdam Zuidas

Nord Gold SE (“Nordgold” ), the internationally diversified gold producer, has entered into an exclusive agreement with Total Eren, Independent Power Producer (IPP) specialized in renewable energies and Africa Energy Management Platform (AEMP), its strategic development partner (the “Consortium”) to construct a 13 MW Solar photovoltaic (PV) power plant. The new power station will provide 100% renewable energy to Nordgold’s Bissa and Bouly mines in Burkina Faso.

Nordgold Processing Facility

Construction of the power plant will begin shortly, with completion expected in the fourth quarter of 2020. The new Solar PV will provide Bissa and Bouly with power for both mines’ daily operational needs, thereby significantly reducing reliance on the existing thermal power plant. In addition to significantly enhancing the environmental sustainability of the mines, the solar plant will increase security of supply, and reduce costs at both mines.

Under the terms of the agreement, the Consortium will develop, finance, construct and operate a solar PV plant complemented by a Battery Energy Storage System, reducing the mines fuel consumption by approximately 6.4 million liters and CO2 emission by approximately 18,000 tonnes per year. The new Solar PV will also create a number of full-time roles for local employees in addition to over a thousand currently employed at the mine sites.

 

Nordgold CEO Nikolai Zelenski

Nikolai Zelenski, Chief Executive Officer of Nordgold, commented:

“At Nordgold, we are deeply committed to our role as a responsible miner and constantly strive to minimise the impact that our operations have on the local environment. By building this new solar power plant, not only will we improve the efficiency of our mines by creating a more secure power supply at lower cost, but we are also helping to make our Burkina Faso mines far more sustainable, while minimising our carbon footprint. We already have in place a number of important environmental initiatives aimed at protecting biodiversity around our mines. The installation of a solar power plant at Bissa and Bouly, Nordgold’s key assets in terms of production, is in line with our strategy of implementing the best environmental standards across our operations”.

About Nordgold
Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven
track record of operational excellence and benefits from a significant international development pipeline.
The Company is relentlessly focused on shareholder value, committed to running safe, efficient,
profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its
pipeline of new growth opportunities while generating returns for investors. In 2018, Nordgold produced
907 thousand ounces of gold.
Nordgold operates 10 mines (5 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan).
It has several prospective projects in feasibility study and advanced exploration phases, as well as a
diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French
Guiana and Canada. Nordgold employs over 8,000 people.
For further information on Nordgold please visit the Company’s website: www.nordgold.com

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