GE and BHP Billiton partner to reduce greenhouse gas emissions in mining sector

1 November 2015 (Last Updated November 1st, 2015 18:30)

GE and mining major BHP Billiton have joined forces in a bid to improve efficiency and reduce greenhouse gas emissions in the mining sector.

GE and BHP Billiton have joined forces in a bid to improve efficiency and reduce greenhouse gas emissions in the mining sector.

As part of the partnership, the companies will also identify new solutions to address growing global demand for resources, including copper, iron ore and coal.

According to GE, new solutions would be developed under the partnership to reduce the emissions-intensity of mining operations, including transportation and power supply.

GE and BHP Billiton plan to share these outcomes to improve sector-wide economic and environmental performance.

"Our strategic approach to climate change is underpinned by engagement.

GE Australia, New Zealand and Papua New Guinea president and CEO Geoff Culbert said: "The mining and resources sector is a vital part of Australia's economic landscape.

"We are proud to partner with BHP Billiton in this mission, and draw on our combined capability and depth of experience to identify real, impactful ways to benefit the sector."

Under the partnership, the companies will assess mining operations to increase efficiency, optimise energy flows in addition to developing system-level approaches.

BHP Billiton chief commercial officer Dean Dalla Valle said: "Our strategic approach to climate change is underpinned by engagement.

"We look forward to continuing to engage with industry through this partnership and to contributing to the development of new solutions."

The partnership falls under GE's Ecomagination initiative, which was first launched in 2005, and aims to solve global water and energy challenges.

Australia-based BHP Billiton had a market capitalisation of £41.5bn ($69.5bn) as of 19 August 2014.