(Kitco News) - Global mining firm Anglo American announced today that it 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 company said that 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, stated, “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.”
According to the company’s statement, 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.
Anglo American is a leading producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment.
