AAL Anglo American Plc

TIDMAAL

RNS Number : 4000H

Anglo American PLC

24 November 2022

 
24 November 2022 
Anglo American collaborates with Aurubis on sustainable 
 copper value chain 
 
 

Anglo American has signed a memorandum of understanding with Aurubis AG ("Aurubis") - a global provider of non-ferrous metals and one of the world's largest copper recyclers - to develop a copper product offering that responds to increasing expectations for future-enabling metals that are sustainably sourced and supplied.

The objective of the collaboration is to provide assurance around the way copper is mined, processed, transported and brought to market. Applying their combined expertise, Anglo American and Aurubis will also explore the opportunity for technology-driven traceability solutions to bring greater transparency to the entire production cycle, as well as areas of common interest in technology development.

Peter Whitcutt, CEO of Anglo American's Marketing business, said: "Copper plays such a pivotal role in addressing the challenges of climate change and raising living standards for the world's growing population. Rightly, it needs to be produced sustainably and as part of a customer-centric supply chain.

"Together with Aurubis, and in line with our Sustainable Mining Plan goal to establish ethical value chains, we are engaging with industry participants to optimise the value that responsible supply can provide. The value chain starts from our portfolio of high-quality and long-life resource assets, now including our new world-class Quellaveco mine in Peru, and we are now working to establish a more comprehensive and integrated approach along the entirety of what is a fragmented mine-to-customer journey."

Roland Harings, CEO of Aurubis, said: "Sustainability is a core pillar of our strategy. We are constantly investing in solutions for responsibly handling the resources entrusted to us as the most efficient smelter network globally. This collaboration with Anglo American is yet another example of how we intend to develop and enhance the transparency of the entire supply chain. Anglo American's Sustainable Mining Plan aligns with the pillars of the Aurubis sustainability label "Tomorrow Metals " , launched in 2021 which promises to our business partners to stay best in class in all sustainability challenges of today and the future by using our metals."

Anglo American and Aurubis have also committed to be assessed against the Copper Mark Chain of Custody Standard. Anglo American's managed copper operations in Chile - the Los Bronces and El Soldado mining operations and the Chagres smelter - were awarded the Copper Mark, the assurance standard for responsible production practices, in March 2022.

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 
 
 
 

Notes to editors:

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

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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November 24, 2022 03:00 ET (08:00 GMT)