Evolution Mining: Secures long-term power contract for Cowal

Evolution Mining Secures long-term power contract for Cowal

  • Evolution Mining (EVN) secures a power supply agreement for its Cowal gold operation in New South Wales
  • Fellow ASX lister AGL Energy (AGL) will supply power, including renewable energy for an eight-year period
  • EVN Executive Chair Jake Klein says this is an important milestone and is pleased to have secured a competitively priced contract in a challenging energy market
  • The company is focused on seeking ways to reduce emissions in order to deliver on its Net Zero commitments by 2050
  • The company shares are up 5.47 per cent to trade at $2.12 at 3:06 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks.Highlights: FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...

Stablecoin Bank Kontigo Suffers Cyber Attack, Disrupting Operations

The cyber incident raises concerns about security in fintech.Highlights: Kontigo, a prominent stablecoin bank, experienced a cyber attack.The...