By Jaime Llinares Taboada

 

Anglo American PLC said Friday that it has signed a memorandum of understanding with Electricite de France SA to develop a regional renewable energy ecosystem in South Africa.

The mining company said this ecosystem will be designed to meet its power needs in South Africa through the supply of 100% renewable electricity by 2030.

"We are targeting carbon neutrality across our operations by 2040 and we are making good progress. Today's announcement is a further major step towards addressing our on-site energy requirements--the largest source of our operational emissions," Chief Executive Mark Cutifani said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

March 18, 2022 03:28 ET (07:28 GMT)

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