AGS 0.00% 22.5¢ alliance resources limited

uranium mine will get first hot rock energy

  1. 4,040 Posts.
    The Alliance/Heathgate Story just gets better :)

    Thursday, 30/10/2008

    South Australia's mines will be the first to benefit from geothermal energy.

    Petratherm expects to start drilling next May to begin the process of generating power from hot rocks.

    Initially, all the power made will be sold to Beverly uranium mine, an agreement that Petratherms managing director Terry Callis is mutually beneficial.

    He says geothermal energy will be cheaper in the long run.

    "Beverly uranium mine's current energy prices are nearly double the price you can get if you were grid connected."

    :) The good news never seems to end in relation to AGS :)

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