TIDMAAL
RNS Number : 1715O
Anglo American PLC
09 June 2022
9 June 2022
Anglo American agrees sustainability-linked loan with International
Finance Corporation
Anglo American has signed a $100 million 10-year loan agreement
with the International Finance Corporation (IFC) linked to the
delivery of sustainability goals that are integral to Anglo
American's Sustainable Mining Plan. This sustainability-linked loan
is IFC's first in the mining sector and is understood to be the
first in the mining sector globally that focuses exclusively on
social development indicators.
The specific goals tied to the loan agreement are aimed at
supporting community development in rural communities close to
Anglo American's mining operations across South Africa, including
by promoting the creation of jobs as well as improving the quality
of education for more than 73,000 students.
Stephen Pearce, Finance Director of Anglo American, said: "Our
Sustainable Mining Plan has a set of ambitious global goals
relating to delivering a healthy environment, creating thriving
communities, and being recognised as a trusted corporate leader. We
designed our goals to challenge us to lead and innovate in how we
can best deliver meaningful and enduring value to society, and
particularly to those nearest to where we operate. We are delighted
to now link some of our education and job creation targets to this
loan as an additional demonstration of our commitment to deliver
real and tangible benefits for our host communities."
Anglo American's Sustainable Mining Plan includes targets to
support schools in our host communities to perform within the top
30 percent of state schools nationally and to create or support
three offsite jobs for every onsite job at our operations by
2025.
Jonathan Samuel, Anglo American's Group Head of Responsible
Business Partnerships, said: "To achieve our education target, we
will aim to strengthen the public education system by training
educators, practitioners, and school management teams, and upgrade
basic school infrastructure and equipment including providing Wi-Fi
and computers at over 100 primary and secondary public schools in
South Africa. We are already supporting more than 73,000 students
from early childhood development centres, primary schools and
secondary schools, with more children to benefit in Phase 2 of the
programme. To achieve our livelihood target we plan to provide
mentorship, capacity building, skills development and access to
finance to small businesses in the mining value chain and in other
sectors, with a focus on women and young people. Since 2018, we
have supported over 13,500 jobs and facilitated ZAR 430 million of
loans to small businesses in South Africa through Anglo American's
Zimele Loan Fund."
Anglo American has committed to contributing additional funds to
agreed social causes if it falls short of fully achieving its
education and livelihood targets under the terms of this loan.
Anglo American and IFC have worked closely to ensure that a
robust set of metrics and targets are documented.
"Sustainability-linked financing is a powerful tool for
mobilising capital and to incentivise companies that seek to
contribute to a more sustainable future. IFC's partnership with
Anglo American will support quality education for early learners,
strengthen human capital development, and boost small businesses in
South Africa," said Kevin Njiraini, IFC's Director for Southern
Africa and Nigeria.
This loan is part of a broader Anglo American engagement with
IFC on local social development, including in Peru where Anglo
American, IFC and other partners are supporting regional
development initiatives.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968
8574
Katie Ryall
katie.ryall@angloamerican.com Michelle Jarman
Tel: +44 (0)20 7968 8935 michelle.jarman@angloamerican.com
Tel: +44 (0)20 7968 1494
South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Notes to editors:
IFC-a member of the World Bank Group -is the largest global
development institution focused on the private sector in emerging
markets. We work in more than 100 countries, using our capital,
expertise, and influence to create markets and opportunities in
developing countries. In fiscal year 2021, IFC committed a record
$31.5 billion to private companies and financial institutions in
developing countries, leveraging the power of the private sector to
end extreme poverty and boost shared prosperity as economies
grapple with the impacts of the COVID-19 pandemic. For more
information, visit www.ifc.org.
Anglo American is a leading global mining company and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations,
with a broad range of future development options, provides many of
the future-enabling metals and minerals for a cleaner, greener,
more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move
and market our products to our customers - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, premium quality iron ore and
metallurgical coal for steelmaking, and nickel - with crop
nutrients in development - we are committed to being carbon neutral
across our operations by 2040. More broadly, our Sustainable Mining
Plan commits us to a series of stretching goals to ensure we work
towards a healthy environment, creating thriving communities and
building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value
from precious natural resources for the benefit of the communities
and countries in which we operate, for society as a whole, and for
our shareholders. Anglo American is re-imagining mining to improve
people's lives.
www.angloamerican.com
Forward-looking statements:
This document includes forward-looking statements. All
statements other than statements of historical facts included in
this document, including, without limitation, those regarding Anglo
American's financial position, business, acquisition and divestment
strategy, dividend policy, plans and objectives of management for
future operations (including development plans and objectives
relating to Anglo American's products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social
and corporate governance goals and aspirations, are forward-looking
statements. By their nature, such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Anglo American or industry results to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous
assumptions regarding Anglo American's present and future business
strategies and the environment in which Anglo American will operate
in the future. Important factors that could cause Anglo American's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration
and development capabilities, recovery rates and other operational
capabilities, safety, health or environmental incidents, the
effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the
availability of mining and processing equipment, the ability to
produce and transport products profitably, the availability of
transport infrastructure, the impact of foreign currency exchange
rates on market prices and operating costs, the availability of
sufficient credit, the effects of inflation, political uncertainty
and economic conditions in relevant areas of the world, the actions
of competitors, activities by courts, regulators and governmental
authorities such as in relation to permitting or forcing closure of
mines and ceasing of operations or maintenance of Anglo American's
assets and changes in taxation or safety, health, environmental or
other types of regulation in the countries where Anglo American
operates, conflicts over land and resource ownership rights and
such other risk factors identified in Anglo American's most recent
Annual Report. Forward-looking statements should, therefore, be
construed in light of such risk factors and undue reliance should
not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo
American expressly disclaims any obligation or undertaking (except
as required by applicable law, the City Code on Takeovers and
Mergers, the UK Listing Rules, the Disclosure and Transparency
Rules of the Financial Conduct Authority, the Listings Requirements
of the securities exchange of the JSE Limited in South Africa, the
SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable
regulations) to release publicly any updates or revisions to any
forward-looking statement contained herein to reflect any change in
Anglo American's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based.
Nothing in this document should be interpreted to mean that
future earnings per share of Anglo American will necessarily match
or exceed its historical published earnings per share. Certain
statistical and other information about Anglo American included in
this document is sourced from publicly available third party
sources. As such it has not been independently verified and
presents the views of those third parties, but may not necessarily
correspond to the views held by Anglo American and Anglo American
expressly disclaims any responsibility for, or liability in respect
of, such information.
Legal Entity Identifier: 549300S9XF92D1X8ME43
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END
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June 09, 2022 03:00 ET (07:00 GMT)
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