REG - Anglo American PLC - Anglo American partners with EDF renewables

Anglo AmericanAnnouncement

18/03/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220318:nRSR2028Fa&default-theme=true

RNS Number : 2028F  Anglo American PLC  18 March 2022

 18 March 2022

Anglo American partners with EDF Renewables to secure 100% renewable energy
supply for South Africa operations

 

Anglo American has signed a Memorandum of Understanding with EDF Renewables, a
global leader in renewable energy, to work together towards developing a
regional renewable energy ecosystem ("RREE") in South Africa. The ecosystem is
expected to be designed to meet Anglo American's operational electricity
requirements in South Africa through the supply of 100% renewable electricity
by 2030, thereby also supporting the resilience of the local electricity
supply systems and the wider decarbonisation of energy in the country.

 

Anglo American has already secured 100% renewable electricity supply for all
its operations in South America, resulting in 56% of our global grid supply
expected to be sourced from renewables by 2023.  In South Africa, while there
is an abundance of renewable energy sources such as wind and solar, there is
limited renewables infrastructure to harness it.  As Anglo American
progresses towards its 2040 target of carbon neutral operations, this
partnership with EDF Renewables is designed to abate the largest single source
of its Scope 2 emissions, being its current grid supply in South Africa. The
RREE aims to support South Africa's decarbonisation ambitions and the
country's Just Energy Transition, creating a sustainable and inclusive future.

 

The RREE will draw on South Africa's natural renewable energy potential to
develop a network of on-site and off-site solar and wind farms, amongst other
opportunities, offering 24/7 renewable energy to Anglo American's operations.
Anglo American anticipates that a number of partners will provide equity
financing for the RREE, in addition to the RREE attracting debt financing that
is typical for high quality energy infrastructure projects.

 

The partnership is expected to bring a host of benefits to South Africa and
the region, including:

·      Implementing 3-5 GW of renewable electricity (solar and wind) and
storage over the next decade, thereby increasing total grid supply resilience;

·      supporting the decarbonisation initiatives of governments across
Southern Africa; and

·      stimulating the development of new economic sectors, local
production and supply chains.

 

Mark Cutifani, Chief Executive of Anglo American, said: "We are targeting
carbon neutrality across our operations by 2040 and we are making good
progress. Today's announcement is a further major step towards addressing our
on-site energy requirements - the largest source of our operational emissions.
Our partnership with EDF Renewables to address our Scope 2 footprint in South
Africa complements our FutureSmart Mining™ programme's abatement of our
Scope 1 emissions through low and zero emission technologies, including our
hydrogen haul truck system, and the development of South Africa's Hydrogen
Valley. Step by step, we are changing the very nature of mining and how our
stakeholders experience our business - while supporting a Just Transition."

 

Bruno Bensasson, EDF Group Senior Executive Vice President Renewable Energies
and Chairman & CEO of EDF Renewables, added: "The EDF Group is delighted
to take a step forward with Anglo American towards this ambitious partnership.
We are committed to supporting industrial players by providing a low carbon
competitive electricity that substitutes fossil energies and improves wider
social and environmental issues. This project is also contributing to the
country energy's ambition to furthering the development of decarbonised
energy. It is in line with EDF Group's CAP 2030 strategy, which aims to double
its net renewable installed energy capacity worldwide (hydropower included)
from 28 GW in 2015 to 60 GW in 2030."

 

 

 

Nolitha Fakude, Chair of Anglo American's Management Board in South Africa,
said: "South Africa is embarking on the next phase of its economic
development, with clean, reliable and affordable energy playing a critical
role in delivering this potential - helping to catalyse new industrial hubs
and stimulate local economic activity. Anglo American is committed to
supporting this Just Energy Transition, encouraging growth and development for
our host communities and South Africa through such projects as the RREE - very
much in tune with our Collaborative Regional Development approach. Aligned to
our longstanding commitment to economic transformation and empowerment, we
intend to incorporate a local Black Economic Empowerment (BEE) partner into
our regional renewable energy ecosystem and are exploring a range of community
partnership models that will allow our host communities to share in the
ecosystem's success."

 

Tristan de Drouas, CEO at EDF Renewables (South Africa), said: "As a
significant low-carbon energy player in South Africa, we are delighted to be
partnering with Anglo American to develop a regional renewable energy
ecosystem, building on from a first project together in 2021. With our global
expertise in energy infrastructure development, design and delivery, our grid
optimisation technology, and our experience in the region, we are uniquely
suited to partner with Anglo American to transform its environmental
footprint, while meaningfully supporting the region's decarbonisation
efforts."

 

 

 

For further information, please contact:

 

 Media                                                                              Investors

 UK                                                                                 UK

 James Wyatt-Tilby                                                                  Paul Galloway

 james.wyatt-tilby@angloamerican.com                                                paul.galloway@angloamerican.com (mailto:paul.galloway@angloamerican.com)
 (mailto:james.wyatt-tilby@angloamerican.com)

                                                                                  Tel: +44 (0)20 7968 8718
 Tel: +44 (0)20 7968 8759

                                                                                  Emma Waterworth
 Marcelo Esquivel                                                                   Emma.waterworth@angloamerican.com (mailto:Emma.waterworth@angloamerican.com)

Tel: +44 (0) 20 7968 8574
 marcelo.esquivel@angloamerican.com (mailto:marcelo.esquivel@angloamerican.com)

 Tel: +44 (0)20 7968 8891

                                                                                  Juliet Newth

                                                                                  juliet.newth@angloamerican.com (mailto:juliet.newth@angloamerican.com)
 Katie Ryall

                                                                                  Tel: +44 (0)20 7968 8830
 katie.ryall@angloamerican.com (mailto:katie.ryall@angloamerican.com)

 Tel: +44 (0)20 7968 8935

                                                                                  Michelle Jarman

                                                                                  michelle.jarman (mailto:michelle.jarman@angloamerican.com) @angloamerican.com
 South Africa                                                                       (mailto:michelle.jarman@angloamerican.com)

 Nevashnee Naicker                                                                  Tel: +44 (0)20 7968 1494

 nevashnee.naicker@angloamerican.com

 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala

 sibusiso.tshabalala@angloamerican.com
 (mailto:sibusiso.tshabalala@angloamerican.com)

 Tel: +27 (0)11 638 2175

 EDF

 Manon de Cassini-Hérail

 manon.decassini-herail@edf-en.com

 Tel: +33 (0)6 29 48 43 40

 

EDF Renewables is an international leader in renewable energy, with a gross
installed capacity of 15.6 GW worldwide. Its development is largely driven by
wind (onshore and offshore) and solar photovoltaic power, and more recently
battery storage. EDF Renewables operates in majority in Europe and North
America but is continuing to grow by moving into promising emerging regions
such as Brazil, China, India, South Africa, Australia and the Middle East. EDF
Renewables develops, builds, operates and maintains renewable energy projects,
both for itself and for third parties.

 

Since 2011, EDF Renewables has established itself as a leading Independent
Power Producer in South Africa, having successfully developed a portfolio of
renewable energy projects. The subsidiary currently operates 142MW of wind
farms in South Africa and has been awarded over 800MW in new projects in 2021.

 

For more information visit: www.edf-re.co.za (http://www.edf-re.co.za)

Follow us on LinkedIn:
(https://www.linkedin.com/company/edf-renewables-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 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 (http://www.angloamerican.com)

 

(https://www.facebook.com/AngloAmericanuk/?brand_redir=253615198009828)
     (https://www.linkedin.com/company/anglo-american/)
(https://www.instagram.com/angloamericanplc/?hl=en)
(https://www.youtube.com/channel/UC3KrEjbgxO7cnM8-hEzapjw)
(https://twitter.com/angloamerican)

 

 

 

 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUBVBRUSUOAAR