REG - Anglo American PLC - Renewable electricity supply for Australia ops

Anglo AmericanAnnouncement

16/11/2022 07:30

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RNS Number : 5921G  Anglo American PLC  16 November 2022

 16 November 2022
 Anglo American sources 100% renewable electricity supply for Australia
 operations

Anglo American has sourced the supply of 100% renewable electricity for its
operations in Australia from 2025, agreeing terms for a 10-year partnership
with Stanwell Corporation, the Queensland Government-owned provider of
electricity and energy solutions. The deal will effectively remove all Scope 2
emissions from Anglo American's steelmaking coal business in Australia from
2025, supporting Anglo American's progress towards carbon neutral operations
by 2040.

 

Dan van der Westhuizen, CEO of Anglo American in Australia, said: "Sourcing
100% renewables supply from Stanwell Corporation, linked to two major wind and
solar projects in Queensland, is a big step towards our target of carbon
neutral operations in Australia - and globally - by 2040. We are committed to
playing our part to help combat climate change, including accelerating a
number of technologies to abate our on-site emissions, from electrifying our
truck fleet and other mobile equipment to capturing the methane from our
steelmaking coal seams.

 

"I am delighted that we are able to support Stanwell Corporation in its
investment in 650MW of renewables capacity for Queensland. Today's deal brings
significant environmental benefits and is NPV positive compared with our
current energy mix, while underwriting a large investment in renewable energy
generation for Queensland."

 

Anik Michaud, Anglo American's Group Director of Corporate Relations and
Sustainable Impact, said: "We are working tirelessly across our global
footprint to reduce emissions. Many of the metals and minerals we produce are
critical to the infrastructure and technologies required to decarbonise the
world's energy and transport systems - and this includes the ingredients
needed for steelmaking. Our commitment to being part of the solution to
climate change begins in our own business by meeting our emissions reduction
targets and our 2040 operational carbon neutrality goal.

 

"Combined with the agreements we already have in place for all our South
America operations, from 2025 we expect to be drawing 60% of our global
electricity requirements from renewable sources, transforming our Scope 2
emissions profile. We are committed to producing the metals and minerals that
we need to mitigate the extent of global warming in the most responsible and
sustainable way."

 

The partnership between Anglo American and Stanwell underwrites investment in
the two major Queensland renewable energy projects - Clarke Creek Wind Farm in
Central Queensland, and Blue Grass Solar Farm near Chinchilla.

 

 

 

 

Notes to editors:

 

Anglo American - renewable electricity supply secured across South America
operations

 

Renewable energy - Brazil

 

In 2019, Anglo American signed agreements with Casa dos Ventos and AES Tietê
to provide wind power and with Atlas Renewable Energy to provide solar power
to meet all the electricity needs of Anglo American's iron ore and nickel
operations in Brazil. Our CO2 emissions in Brazil are expected to reduce by
approximately 70% as a result.

 

Renewable energy - Chile

 

In 2019, Anglo American signed an agreement with Enel Generación Chile to
provide renewable power (a mix of wind, solar and hydroelectric) to meet all
the electricity needs of Anglo American's copper operations in Chile. Our CO2
emissions in Chile are expected to reduce by approximately 70% as a result.

 

Our 44% owned copper operation, Collahuasi, signed agreements with both Enel
and solar power producer Sonnedix to provide 100% renewable power for the
operation from April 2020.

 

Renewable energy - Peru

 

In 2021, Anglo American signed an agreement with Engie Energía Perú to
provide a combination of wind and hydroelectric power to meet all the
electricity needs of the Quellaveco copper operation which began production in
2022. Our CO2 emissions in Peru are expected to reduce by approximately 70%
compared with our original project baseline projections.

 

 

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 (http://www.angloamerican.com)

 

 

 

 

 

 

 

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

                                                                                  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

 

 

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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