Coal Company Anglo American Secures 100% Renewable Electricity for Australian Ops

• It has authorized an agreement for a ten-year collaboration with electricity as well as energy solutions supplier Stanwell Corporation.
• The bargain is anticipated to remove all Scope 2 emissions from its steelmaking coal company in Australia from 2025.

Mining conglomerate Anglo American has claimed that it has sourced the supply of 100% renewable electricity for its operations in Australia from 2025, concurring terms for a 10-year collaboration with Stanwell Corporation, the Queensland Government-owned service provider of electricity and power services.

Anglo American stated that the offer will efficiently remove all Scope 2 emissions from its steelmaking coal company in Australia from 2025, supporting progress towards carbon neutral operations of Anglo American by 2040.

Dan van der Westhuizen, CEO, Anglo American Australia, said, "Sourcing 100% renewables supply from Stanwell Corporation, linked to two significant wind and also solar projects in Queensland, is a big step towards our target of carbon neutral operations in Australia-- as well as worldwide-- by 2040."

The CEO included, "I am delighted that we are able to sustain Stanwell Corporation in its investment in 650MW of renewables capacity for Queensland. Today's deal brings considerable ecological benefits and also is NPV favorable compared to our existing power mix, while underwriting a huge financial investment in renewable resource generation for Queensland."

Anik Michaud, Group Director, Corporate Relations as well as Sustainable Impact, Anglo American, said, "Most of the metals and minerals we generate are essential to the facilities as well as innovations required to decarbonise the globe's power and transportation systems-- and also this includes the components needed for steelmaking. Our dedication to being part of the remedy to climate modification begins in our own business by satisfying our emissions reduction targets and also our 2040 operational carbon nonpartisanship objective.

"Integrated with the arrangements we already have in place for all our South America procedures, from 2025 we expect to be attracting 60% of our global electricity demands from renewable resources, changing our Scope 2 emissions profile. We are devoted to creating the metals and minerals that we require to minimize the extent of global warming in one of the most accountable and sustainable method," stated Michaud.

The partnership in between Anglo American and also Stanwell underwrites investment in the two significant Queensland renewable resource projects-- Clarke Creek Wind Farm in Central Queensland, and Blue Grass Solar Farm near Chinchilla.