TIDMAAL
RNS Number : 2641I
Anglo American PLC
04 August 2023
4 August 2023
Anglo American makes significant progress towards GISTM
conformance
Anglo American plc ("Anglo American") has set out its
significant progress towards bringing its 12 tailings storage
facilities (TSFs) that are currently within the two highest
potential consequence categories into conformance with the Global
Industry Standard on Tailings Management (GISTM).
The GISTM is the first global standard on tailings facility
management and sets a purposely high bar for the mining industry to
attain - integrating social, environmental, local economic and
technical considerations for every facility, towards the goal of
zero harm to people and the environment.
Duncan Wanblad, Chief Executive of Anglo American, said: "We
have made very significant progress towards conformance with the
GISTM over the last three years, building upon our already high
technical standards. We continue our prudent approach to align with
a number of specific GISTM requirements, as well as the social and
community aspects that are already encompassed in our comprehensive
Social Way management system. We are addressing the few outstanding
areas and have set out the work needed to get us there.
"As an industry, we have a clear ethical imperative to do
everything possible to ensure that TSFs are managed to the highest
standards as we work together to build greater levels of trust with
all our stakeholders. GISTM's role in driving continuous
improvement across the industry with full transparency is beyond
doubt."
The full reports on each of the 12 TSFs can be found on Anglo
American's website at
https://www.angloamerican.com/esg-policies-and-data/tailings-summary/our-approach-to-gistm
Anglo American played an active role in the multi-stakeholder
process of developing the GISTM, which comprises six topic areas,
15 principles and 77 auditable requirements for each facility, and
covers standards and practices over the entire lifecycle of a
facility.
The few remaining requirements with which Anglo American is in
partial conformance largely relate to the necessary sequencing of
work and the need to carry out certain additional studies required
by the GISTM to further strengthen our understanding of the
holistic environmental effects of TSFs over their full lifecycle.
Anglo American also continues to enhance the safety and resilience
of its facilities through the application of evolving best practice
in relation to outcome-based principles in risk assessments.
Anglo American is continuing to work towards conformance in
respect of its TSFs that are within the other three lower
consequence categories by August 2025, in line with the commitment
made by all ICMM member companies.
Anglo American is confident in the integrity of its TSFs, which
comply with regulatory requirements in the countries where they are
located.
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 Juliet Newth
rebecca.meeson-frizelle@angloamerican.com Juliet.newth@angloamerican.com
Tel: + 44 (0)20 7968 1374 Tel: +44 (0)20 7968 8830
South Africa Michelle Jarman
Nevashnee Naicker michelle.jarman@angloamerican.com
nevashnee.naicker@angloamerican Tel: +44 (0)20 7968 1494
.com
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 copper, nickel, platinum group
metals, diamonds (through De Beers), and premium quality iron ore
and steelmaking coal - 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
MSCGZGGRDFVGFZM
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August 04, 2023 03:00 ET (07:00 GMT)
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