TIDMAAL

RNS Number : 8769N

Anglo American PLC

26 January 2023

 
26 January 2023 
Anglo American loads first LNG dual-fuelled vessel in chartered 
 fleet, cutting emissions by up to 35% 
 
 

Anglo American announces that its newly launched LNG dual-fuelled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa.

The vessel is the first of ten LNG dual-fuelled new-build ships that Anglo American will introduce to its chartered fleet during the course of 2023 and 2024, delivering an estimated 35% reduction in CO(2) emissions compared to ships fuelled by conventional marine oil fuel. The use of LNG will also lead to a significant reduction of nitrogen oxides and particulate matter from vessel exhausts, while new technology also eliminates the release of unburnt methane.

The Ubuntu fleet is a key component of Anglo American's ambition to achieve carbon-neutrality for its controlled ocean freight by 2040 - with an interim target to reduce emissions from these activities by 30% by 2030 - all part of Anglo American's wider ambition to halve Scope 3 emissions by 2040.

Peter Whitcutt, CEO of Anglo American's Marketing business, said: "We are proud to see the Ubuntu Harmony begin its voyage transporting future-enabling products from our mines to our customers around the world. This milestone cements our vision to be a leader in low carbon shipping, a natural extension of our commitment to achieve carbon neutrality across our operations by 2040."

Nolitha Fakude, Group Director of Anglo American for South Africa, said: "The metals and minerals we provide play an important role in helping key industries decarbonise. Transporting them in a sustainable way is a key part of this effort and the introduction of the Ubuntu fleet - named after the Zulu word meaning 'humanity to others' - helps us accelerate our transition to sustainable ocean freight."

Anglo American has established a comprehensive framework of initiatives for the decarbonisation of its maritime activities, including energy saving devices fitted to existing vessels, the use of voyage optimisation software, and a focus on exploring, trialling and adopting alternative, sustainable fuel options - such as LNG, sustainable biofuel, green methanol and ammonia, and - further down the line - hydrogen.

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 
 
   Rebecca Meeson-Frizelle                         Michelle Jarman 
   Rebecca.meeson-frizelle@angloamerican.com       michelle.jarman@angloamerican.com 
   Tel: + 44 (0)20 7968 8888                       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:

The Ubuntu Harmony is a 190,000 tonne bulk carrier, flagged in Singapore - the first such LNG dual- fuelled vessel on the country's register - and is designed to be larger than, but as flexible as, a conventional Capesize vessel. The Ubuntu Harmony was built by Shanghai Waigaoqiao Shipbuilding and is owned by U-Ming Marine Transport.

The vessel completed bunkering in Singapore in early January with LNG provided by Shell Eastern LNG. It arrived in Saldanha Bay, South Africa on 19 January to load a full cargo of iron ore that will be transported to customers in China. The Ubuntu Harmony will be followed by its sister ship Ubuntu Equality, the fleet's second vessel, which is expected to load her first cargo in February in South Africa.

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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January 26, 2023 02:00 ET (07:00 GMT)

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