Mining News

Below are some interesting articles regarding Anglo American’s commitment to sustainability and cleaning up mines…………..

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Anglo commits to ambitious sustainability strategyhttp://www.miningweekly.com/article/anglo-commits-to-ambitious-sustainability-strategy-2018-03-14

BY: MARTIN CREAMER

“JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American has outlined an innovative approach to three major areas of sustainability – the environment, community development, and driving greater trust and transparency across the mining industry.

Its ambitious goals include:

  • Creating five jobs off-site for every job on-site in its host communities;
  • Working with government to ensure every school in host communities performs amongst the top 20% of state schools in the country;
  • Reducing greenhouse gas emissions by 30%;
  • Improving energy efficiency by 30%; and
  • Reducing freshwater abstraction by 50% in water-scarce regions.

“Delivering on these commitments will transform the way Anglo American does business,” said Anglo American CEO Mark Cutifani in a release to Creamer Media’s Mining Weekly Online.

Presenting a different picture of the future of mining, the sustainability strategy commits to keeping people and the environment safe, supporting excellent education and using collaborative regional development to provide sustainable benefits for host communities.

“The financial benefits to our business by 2030 are expected to be significant, including from substantially reduced energy and water costs. At the same time, we expect our innovative approach and the technologies we are developing to open up new mineral resource opportunities for us over the medium term,” Cutifani added.

The sustainability strategy acknowledges metals and minerals as precious ingredients that enable and celebrate many aspects of modern life.

“If Anglo American is to play its part in creating a sustainable future for the world and improving the lives of all of us who live here, then we must be prepared to challenge our business and ourselves, by re-imagining mining,” he said.

Anglo American’s sustainability strategy is part of FutureSmart Mining™, a blueprint for a safer, more sustainable and efficient business that is better harmonised with the needs of host communities.

This strategy, which has been developed following a robust consultation process, is in alignment with the United Nation’s Sustainable Development Goals.”

Mining News

Anglo says cleaning up mining will earn it billions in profithttp://www.miningweekly.com/article/anglo-says-cleaning-up-mining-will-earn-it-billions-in-profit-2018-03-14/rep_id:3650

BY: BLOOMBERG

“LONDON – Mining is a dirty business, but Anglo American CEO Mark Cutifani says it doesn’t have to be.

The miner of everything from copper to diamonds to iron ore is overhauling its sustainability targets, and predicts it can earn an extra $9-billion through 2030 by improving the way it mines and boosting relations with governments and communities.

In an industry that rips up massive areas of pristine landscape while consuming valuable water and pumping out dust and pollution, companies that don’t become better corporate citizens will face higher costs, mounting opposition and lose out on new deposits, Cutifani said in an interview.

“We need access to resources,” he said. “If you don’t have good relationships you don’t get access to ground; if you don’t have access to ground you can’t develop a mine.”

Companies around the world are facing increased pressure to improve, and not just from ethical investors. Cutifani was among CEOs who received an open letter from BlackRock’s CEO Larry Fink in January in which he called for companies to set out strategies for long-term, sustainable growth.

POSITIVE CONTRIBUTION
“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” Fink wrote.

Anglo’s nine new targets range from reducing freshwater usage by 50% and cutting greenhouse gas emissions by 30%, to less tangible goals such as improving accountability and policy advocacy.

The company will spend about $200-million a year on the sustainability goals, which also include health, education and livelihood programs, such as creating five jobs in a region where it operates for every direct employee.

Anglo has worked hard to reposition itself in the past decades. Once the corporate face of apartheid South Africa, the company was the country’s largest conglomerate and owned everything from banks to paper factories. In recent years, it’s managed to avoid the type of controversy that embroiled rivals like BHP Billiton and Vale, which had licences to a Brazilian iron-ore project stripped after a dam rupture that killed 19, or Rio Tinto, which is facing corruption and fraud probes related to African mines.

Yet things still go wrong. Just yesterday, the company halted some operations at its iron-ore mine in Brazil after a pipeline rupture. Anglo says it’s trying to identify the cause of the spill and guarantee that it did not inflict serious environmental damage to the surrounding area and a nearby water supply.

THERMAL COAL
Anglo also remains one of the world’s biggest producers of thermal coal, the dirtiest fuel, which has become a focus for many of the investors who are likely to be impressed by the company’s ambitious targets.

Anglo said during the depths of the last commodity slump in early 2016 that it would sell out of coal, but has reversed course after a dramatic rebound in prices. While production has fallen more than 20% in the past five years, including for steelmaking coal, the fuel was still the single biggest contributor to the company’s earnings last year, adding almost $3-billion.

“It’s an issue,” said Cutifani. “For many developing countries it remains an important source of energy. We will not be increasing our footprint, but you can’t just dump people who live and depend on thermal coal.””

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Trust you enjoyed the read. Regards, Chris

Dust Monitoring Equipment – providing equipment, services and training in dust fallout management to the mining industry.

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