TIDMAAL
RNS Number : 5921G
Anglo American PLC
16 November 2022
16 November 2022
Anglo American sources 100% renewable electricity supply
for Australia operations
Anglo American has sourced the supply of 100% renewable
electricity for its operations in Australia from 2025, agreeing
terms for a 10-year partnership with Stanwell Corporation, the
Queensland Government-owned provider of electricity and energy
solutions. The deal will effectively remove all Scope 2 emissions
from Anglo American's steelmaking coal business in Australia from
2025, supporting Anglo American's progress towards carbon neutral
operations by 2040.
Dan van der Westhuizen, CEO of Anglo American in Australia,
said: "Sourcing 100% renewables supply from Stanwell Corporation,
linked to two major wind and solar projects in Queensland, is a big
step towards our target of carbon neutral operations in Australia -
and globally - by 2040. We are committed to playing our part to
help combat climate change, including accelerating a number of
technologies to abate our on-site emissions, from electrifying our
truck fleet and other mobile equipment to capturing the methane
from our steelmaking coal seams.
"I am delighted that we are able to support Stanwell Corporation
in its investment in 650MW of renewables capacity for Queensland.
Today's deal brings significant environmental benefits and is NPV
positive compared with our current energy mix, while underwriting a
large investment in renewable energy generation for
Queensland."
Anik Michaud, Anglo American's Group Director of Corporate
Relations and Sustainable Impact, said: "We are working tirelessly
across our global footprint to reduce emissions. Many of the metals
and minerals we produce are critical to the infrastructure and
technologies required to decarbonise the world's energy and
transport systems - and this includes the ingredients needed for
steelmaking. Our commitment to being part of the solution to
climate change begins in our own business by meeting our emissions
reduction targets and our 2040 operational carbon neutrality
goal.
"Combined with the agreements we already have in place for all
our South America operations, from 2025 we expect to be drawing 60%
of our global electricity requirements from renewable sources,
transforming our Scope 2 emissions profile. We are committed to
producing the metals and minerals that we need to mitigate the
extent of global warming in the most responsible and sustainable
way."
The partnership between Anglo American and Stanwell underwrites
investment in the two major Queensland renewable energy projects -
Clarke Creek Wind Farm in Central Queensland, and Blue Grass Solar
Farm near Chinchilla.
Notes to editors:
Anglo American - renewable electricity supply secured across
South America operations
Renewable energy - Brazil
In 2019, Anglo American signed agreements with Casa dos Ventos
and AES Tietê to provide wind power and with Atlas Renewable Energy
to provide solar power to meet all the electricity needs of Anglo
American's iron ore and nickel operations in Brazil. Our CO2
emissions in Brazil are expected to reduce by approximately 70% as
a result.
Renewable energy - Chile
In 2019, Anglo American signed an agreement with Enel Generación
Chile to provide renewable power (a mix of wind, solar and
hydroelectric) to meet all the electricity needs of Anglo
American's copper operations in Chile. Our CO2 emissions in Chile
are expected to reduce by approximately 70% as a result.
Our 44% owned copper operation, Collahuasi, signed agreements
with both Enel and solar power producer Sonnedix to provide 100%
renewable power for the operation from April 2020.
Renewable energy - Peru
In 2021, Anglo American signed an agreement with Engie Energía
Perú to provide a combination of wind and hydroelectric power to
meet all the electricity needs of the Quellaveco copper operation
which began production in 2022. Our CO2 emissions in Peru are
expected to reduce by approximately 70% compared with our original
project baseline projections.
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
steelmaking coal, 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
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
South Africa Michelle Jarman
Nevashnee Naicker michelle.jarman@angloamerican.com
nevashnee.naicker@angloamerican.com Tel: +44 (0)20 7968 1494
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
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.
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November 16, 2022 02:30 ET (07:30 GMT)
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