Anglo American reveals sustainability performance for 2018 and future goals
Anglo American has presented details of its sustainability performance for 2018 and how its future goals align with the company’s purpose.
Anglo American chief executive Mark Cutifani commented: “Our purpose is to reimagine mining… What mining could be and how we envisage mining in the future… How we think differently and innovatively about mining and our entire value chain to improve people’s lives. A purpose is about more than just the work we do and the profits we make, it’s about the impact we have on everything and everyone we touch.”
The focus for the company’s portfolio will be on high quality and long-life assets. Diversification will offer low cost growth options allied to sustainable cash flow and returns with capital discipline.
Anglo American’s FutureSmart Mining™ will apply innovative thinking and technological advances to address mining’s major challenges and embrace a sustainable mining plan. Cutifani stressed the importance of its people within an organisational model that values inclusion & diversity while nurturing partnerships.
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During the presentation Anglo American’s technical director Tony O’Neill spoke about the potential for the company’s diesel fleet to eventually be replaced by an electric alterative.
A graphic displayed illustrated the transformational use of renewable energy with solar panels producing electricity for hydrogen used by haulage trucks. The aim is to produce hydrogen with excess photovoltaic power and then allow that hydrogen to be consumed by the trucks.
“We looked at the trucks and re-engineered the way they work and found we could get 5-10% more out of them,” said O’Neill who is keen to evolve the miner’s smart energy mix. He believes hydrogen is key to unlocking the industry.
“We’re starting to work out how we get the technology to fit the business model. We can see a pathway through that and our aim is to get a truck running using hydrogen in the next 12 months,” he added.
Anglo American has halved its coal footprint in the last five years and has no plans to develop further thermal coal assets.