TIDMAAL
RNS Number : 4417D
Anglo American PLC
20 October 2022
20 October 2022
Anglo American and Thyssenkrupp Steel to collaborate on
greener steelmaking technologies
Anglo American has signed a memorandum of understanding with
longstanding customer Thyssenkrupp Steel Europe AG ("Thyssenkrupp
Steel") to collaborate on developing new pathways for the
decarbonisation of steelmaking. The collaboration will focus on
joint research to accelerate the development of high-quality
feedstock for lower carbon steel production, using both
conventional blast furnace and direct reduction iron (DRI)
steelmaking - the latter being a less carbon intensive method which
requires iron ore of a particularly high quality.
Peter Whitcutt, CEO of Anglo American's Marketing business,
said: "As the steel sector advances its efforts to transition from
traditionally carbon intensive production methods to cleaner, more
sustainable processes, Anglo American's high quality iron ore
products will continue to play an important role in enabling low
carbon steel production at scale. We are combining the premium
physical and chemical qualities of our minerals with Thyssenkrupp
Steel's innovative technology to drive more sustainable operations,
all the while responding to society's growing expectations for
climate-responsible production practices."
Anglo American has adopted a holistic approach to address the
challenges of climate change, building on the commitments set out
in its 2018 Sustainable Mining Plan to decarbonise its operations,
by shaping a long-term roadmap to also help mitigate the impact of
CO(2) emissions in its value chain. This includes investing in
climate-positive technologies and working closely with steelmakers
to support their specific decarbonisation efforts.
Dr Arnd Köfler, Chief Technology Officer of ThyssenKrupp Steel
adds: "We want to decarbonise the steel value chain inside and
outside our plant boundaries. We are making our own production
low-carbon through a combination of direct reduction plants with
innovative melters. In addition, we are working with many partners
to make steel low-carbon from A to Z. We are therefore very pleased
to be working with Anglo American to explore ways in which we can
use high-grade iron ore in the production process in the most
emission-reducing way possible."
Thyssenkrupp Steel is a leading manufacturer of high-quality
carbon flat steel for a wide range of industries, including
automotive, energy generation, appliances and packaging.
Anglo American's ambition for 50% Scope 3 emissions reduction by
2040
Climate science has set an imperative to decarbonise the global
economy as quickly as possible.
Building on the series of environmental and other commitments
set out in its 2018 Sustainable Mining Plan, Anglo American set out
an ambition in 2021 to reduce its Scope 3 emissions by 50% by 2040,
building on a pre-existing commitment to reach operational (i.e.,
Scope 1 and 2) carbon neutrality by the same year. With the
majority of Anglo American's Scope 3 emissions linked to materials
- steelmaking coal and iron ore - sold into the steelmaking
industry, the steel value chain is central to the company's
decarbonisation efforts.
Anglo American's approach includes joining forces with
like-minded customers and others with similar ambitions for a lower
carbon future. For example, Anglo American has signed agreements
with a number of major steelmakers in Europe and Asia to research
efficient feed materials suited for use in direct reduced iron
(DRI) steelmaking, including iron ore pellets and lump iron
ore.
Steel production by DRI is a technically proven production
method estimated to be significantly less carbon intensive than the
traditional blast furnace and basic oxygen furnace integrated
steelmaking process. When using green hydrogen as a reducing agent,
the process can be made largely CO(2) -free.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968
8574
South Africa Michelle Jarman
Nevashnee Naicker michelle.jarman@angloamerican.com
nevashnee.naicker@angloamerican.com Tel: +44 (0)20 7968 1494
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
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 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
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 or visit 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.
END
MSCEAFENFLNAFFA
(END) Dow Jones Newswires
October 20, 2022 03:00 ET (07:00 GMT)
Anglo American (LSE:AAL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Anglo American (LSE:AAL)
Historical Stock Chart
From Apr 2023 to Apr 2024
