29 October 2024
|
Anglo American highlights role of
sustainability and innovation to unlock copper growth
|
Anglo American is today presenting
its regular sustainability performance update, including a
particular focus on how we are working to unlock significant
additional value from our world-class copper endowments through a
holistic approach to sustainability and innovation. Our integrated
approach is aligned with our commitment to delivering outcomes that
are both profitable and sustainable - unlocking value-accretive and
responsible production growth in future-enabling metals and
minerals.
Duncan Wanblad, Chief Executive of Anglo
American, said: "Sustainability, innovation and operating responsibly are
embedded into our strategy: from day-to-day operational decisions
to portfolio choices. We believe this approach is a pre-requisite
for sustainable value creation and is integral to our DNA as a
company. Our aim is to reliably and responsibly provide metals and
minerals 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."
Helena Nonka, Anglo American's Strategy & Sustainability
Director, added: "By integrating sustainability and innovation in our
FutureSmart Miningâ„¢ programme, we believe we are uniquely
positioned to deliver the numerous growth opportunities within our
portfolio, as well as others that we aim to secure over time, while
our more focused portfolio will allow that growth to be more
transparently valued in the market. With many of the world's
undeveloped copper resources sterilised due to environmental and
community constraints, we continue to find innovative ways to
unlock those and other opportunities for all stakeholders. While
each undeveloped resource has its own physical and social
characteristics, we have shown what can be achieved when genuine
dialogue, collaboration and trust are combined with the required
technical and sustainability competencies built up over time to
deliver profitable outcomes and enduring value for -
stakeholders."
Patricio Hidalgo, CEO of Anglo American in
Chile, commented: "Across our
world-class copper portfolio we continue to focus on delivering
production as responsibly and as profitably as possible.
Sustainability considerations are embedded into our strategy and
support our permitting track record - including with respect to
water, which is the greatest sustainability challenge in our
region. With this in mind, we are pulling together all our
accumulated expertise to deliver innovative water solutions, such
as our Integrated Water Security Project at Los Bronces and the
rollout of our patented Hydraulic Dewatered Stacking (HDS)
technology at El Soldado. Both are critical to our licence to
operate, while we expect HDS has the potential to transform the
nature of tailings and land rehabilitation in our industry,
demonstrating to shareholders, communities, governments and
customers what responsible mining really can look like.
Sustainable Mining
Plan
Anglo American's longstanding and
holistic approach to sustainability helps to build trust with our
employees and stakeholders across society, reduces operational risk
and delivers direct financial value for our business. Our
reputation as a responsible mining company supports our ability to
access future resource development opportunities, both from the
significant endowments within our business and more broadly -
critical to delivering our growth ambitions - while also
allowing us to attract impact finance partners to deliver
sustainability outcomes far beyond our own financial
investments
Our Sustainable Mining Plan is
designed to be a flexible, living plan and we continue to evolve it
and optimise the delivery pathways as we learn and make progress
and as technologies develop, while also ensuring it stays relevant
and suitably stretching, in tune with our stakeholders' and
employees' expectations for our business. We are updating the
Sustainable Mining Plan to reflect Anglo American's future
portfolio composition that was announced in May 2024. We continue
to ensure that our sustainability ambitions deliver the tangible
value for our many stakeholders and we will set out an update when
we have completed the review, likely only once the portfolio
simplification has made further progress during 2025.
Sustainability Performance
Presentation
Today's Sustainability Performance
presentation will be available on the Anglo American website
https://www.angloamerican.com/investors/investor-presentations
at 12.30pm UK time, with the presentation itself
starting at 1.30pm UK time. A full
recording will be available following the presentation at:
www.angloamerican.com/investors/investor-presentations.
For further information, please
contact:
Notes:
Anglo American is a leading global
mining company focused on the responsible production of copper,
premium iron ore and crop nutrients - future-enabling products that
are essential for decarbonising the global economy, improving
living standards, and food security. Our portfolio of world-class
operations and outstanding resource endowments offers
value-accretive growth potential across all three businesses,
positioning us to deliver into structurally attractive major demand
growth trends.
Our integrated approach to
sustainability and innovation drives our decision-making across the
value chain, from how we discover new resources to how we mine,
process, move and market our products to our customers - safely,
efficiently and responsibly. Our Sustainable Mining Plan commits us
to a series of stretching goals over different time horizons to
ensure we contribute to a healthy environment, create thriving
communities and build trust as a corporate leader. We work together
with our business partners and diverse stakeholders to unlock
enduring value from precious natural resources for our
shareholders, for the benefit of the communities and countries in
which we operate, and for society as a whole. Anglo American is
re-imagining mining to improve people's lives.
Anglo American is currently
implementing a number of major structural changes to unlock the
inherent value in its portfolio and thereby accelerate delivery of
its strategic priorities of Operational excellence, Portfolio
simplification, and Growth. This portfolio transformation will
focus Anglo American on its world-class resource asset base in
copper, premium iron ore and crop nutrients, once the sale of our
steelmaking coal and nickel businesses, the demerger of our PGMs
business (Anglo American Platinum), and the separation of our
iconic diamond business (De Beers) have been completed.
www.angloamerican.com
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Forward-looking statements
and third party information
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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
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