REG - Anglo American PLC - Anglo American update on sustainability

Anglo AmericanAnnouncement

25/10/2023 12:30

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RNS Number : 2805R  Anglo American PLC  25 October 2023

 25 October 2023
 Anglo American updates on progress towards sustainable mining

Anglo American plc ("Anglo American") is today presenting its regular
sustainability performance update, including how its integrated approach to
sustainability in project development is securing our ability to deliver
responsible long term growth in future-enabling metals and minerals.

 

Duncan Wanblad, Chief Executive of Anglo American, said: "Our unwavering focus
is on driving consistent, competitive performance to deliver our next phase of
value creation - at the heart of which is our integrated approach to
sustainability. One of our greatest challenges as an industry, though, is to
bridge the clear gap between increasing recognition of the need for ever
greater volumes of mined materials and society's acceptance of the activity
required to produce them. Our learned experience in delivering improved
sustainability outcomes from successful projects such as Quellaveco is part of
the solution and is integral to how we make our strategic and investment
choices - across our current operations and projects in design and development
- and to unlocking enduring value for all our stakeholders."

 

Helena Nonka, Strategy & Sustainability Director, added: "We have long
seen a holistic approach to sustainability as a key driver of commercial and
stakeholder value. Sustainability is a core competency that we deploy
throughout our business, from strategic portfolio choices to project design
and delivery to day-to-day operational decisions, always with value creation
in mind. Societal expectations of our industry will continue to increase as
will the need for the essential metals and minerals and we must build greater
trust if we are to provide materials that are required to decarbonise our
planet and that are also the building blocks of modern life - from housing to
food - for ever more people."

 

Tom McCulley, CEO of Anglo American's Crop Nutrients business, concluded: "For
multi-generational assets, such as Woodsmith and Quellaveco before it, it is
critical that we embed the latest thinking and technologies into safe and
sustainable modern mine designs. Building on the blueprint for success
established at Quellaveco, we will continue to deploy the integration of
technology and sustainability at Woodsmith to set a new benchmark for modern
mining - out of sight, safe, reliable, and catering to our customers and
society's needs. Aligning that design at Woodsmith with the highly attractive
environmental credentials of our low carbon, organic-certified and high
efficacy fertiliser product is a further aspect of the value proposition of
our product for customers. We are building the next generation of FutureSmart
MiningTM at Anglo American."

 

Alison Atkinson, Projects & Development Director, commented: "Our ability
to deliver responsible and value-accretive production growth relies on us
embedding the full breadth of sustainability considerations into the design,
development and operation of our assets. Taking our new Quellaveco operation
in Peru as a prime example - fully digital, automated and with innovative
water supply designs factored in from the outset, we are applying that same
innovation-led approach to our next phase of projects.  From our Woodsmith
fertiliser project under way in the UK, to our potential Sakatti polymetallic
project in Finland and other expansion options across our copper portfolio, we
are minimising our physical footprint through technology and designing
operations that better meet the expectations of our shareholders, stakeholders
and society."

Towards carbon neutral operations

 

Anglo American is moving towards its goal of carbon neutral operations by
2040, evolving our pathways as we progress, learn and as technologies
develop. At the end of 2022, our Scope 1 and 2 emissions were 21% below the
peak levels of 2019 - a significant reduction that reflects our transition
to100% renewable electricity supply across our South America operations, with
Australia to follow in 2025. In Southern Africa we are working in partnership
with EDF Renewables to build a 3-5GW renewable energy ecosystem of wind and
solar generation capacity, designed to tackle our largest remaining source of
Scope 2 emissions and support energy reliability and grid resilience while
catalysing broad socio-economic opportunities.

 

While Scope 3 emissions reduction is largely dependent on the decarbonisation
of our value chains and the steel industry in particular, we are progressing
towards our ambition to halve these emissions by 2040. We are working with
several prominent steelmaking customers to help develop cleaner steelmaking
technologies, collaborating to explore ways for premium quality, responsibly
produced iron ore from our Kumba mines in South Africa and Minas-Rio mine in
Brazil to be used as highly valued feedstock for less carbon intensive
production processes. To our existing decarbonisation partnerships with steel
producers across Asia and Europe, we have recently added an agreement with
China's Baosteel, one of the world's largest steel producers and long-standing
Anglo American customer.

 

 

Sustainability Performance Presentation

 

Today's Sustainability Performance presentation will be available on the Anglo
American website
https://www.angloamerican.com/investors/investor-presentations
(https://www.angloamerican.com/investors/investor-presentations) at 1.00pm UK
time, with the presentation itself starting at 1.30pm UK time. A full
recording will be available following the presentation.

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)
 Rebecca Meeson-Frizelle

                                                                                  Tel: +44 (0)20 7968 8830
 rebecca.meeson-frizelle@angloamerican.com

 (mailto:rebecca.meeson-frizelle@angloamerican.com)

 Tel: + 44 (0)20 7968 1374                                                          Michelle Jarman

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

 South Africa

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

 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

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), 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 (http://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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