Beadell Resources Ltd
(ASX:BDR), which owns the Tucano gold mine in Brazil, has signed a Deed, undertaking to improve the electricity supply of nearby towns and villages.
The company says it has started the required improvements to the existing 110km power line which terminates at Tucano.
Baedell says improving the regularity of power supply and reduce power outages is important because the majority of its workers come from the nearby town, Serra do Navio, and other smaller villages.
After these improvements, the company says Tucano is aiming to increase its grid power supply from 1MW to 5 MW by the end of the year – and ultimately 12MW. Baedell is aiming to reduce its reliance on diesel generated power in order to reduce operating costs at its Tucano mine.
Beadell Resources reported a net profit of $6.9 million at 30 June 2016.
