AngloGold Ashanti targets 30% reduction in GHG emissions by 2030

The targeted reduction announced today, from a 2021 baseline of 1.4 million t of carbon dioxide equivalent (CO₂e), aims to see emissions from the company’s activities diminish to about 1 million t by the end of the decade. When growth projects are factored in, including those in Nevada and Colombia, AngloGold Ashanti is targeting a 46% reduction in emissions by the end of the decade. Scope one covers emissions from within the mine site, while Scope two covers indirect emissions from the purchase of electricity from third-party providers.

The capital cost required to achieve these reductions over the coming eight years is anticipated to be about US$1.1 billion, of which US$350 million will be funded over that period by AngloGold Ashanti and the remaining US$750 million through third-party funding, including from providers of renewable energy infrastructure. The company plans in the coming weeks to initiate a process to secure a green funding facility of US$250 million to US$300 million to finance its portion of these decarbonisation initiatives across its business.

AngloGold Ashanti Chief Executive Officer Alberto Calderon, said:.

“We have a clear pathway to achieve our target by 2030, when we expect to have lowered our overall emissions by almost a third,”

“This ensures we continue to do our part in reducing our carbon footprint, while also improving the value of our business.”

Read the article online at: https://www.globalminingreview.com/mining/13102022/anglogold-ashanti-targets-30-reduction-in-ghg-emissions-by-2030/