AngloGold Ashanti aims for 30 per cent GHG reduction

AngloGold Ashanti has released a carbon emissions reduction target that aims to achieve a 30 per cent absolute reduction in its Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 through a combination of renewable energy projects, fleet electrification and lower-emission power sources.

The company, which has reduced its absolute GHG emissions by more than two thirds since 2007, is committed to achieving net zero emissions by 2050.

The targeted reduction, from a 2021 baseline of 1.4 million tonnes of carbon dioxide equivalent (CO2e), aims to see emissions from the company’s activities diminish to about 1mt by the end of the decade.

When growth projects are factored in, including those in Nevada and Colombia, AngloGold Ashanti is targeting a 46 per cent reduction in emissions by the end of the decade.

Scope 1 covers emissions from within the mine site, while Scope 2 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 $1.1 billion, of which $350m will be funded over that period by

AngloGold Ashanti and the remaining $750m through third-party funding, including from providers of renewable energy infrastructure.

AngloGold Ashanti chief executive officer Alberto Calderon said there was a clear pathway to achieve the target by 2030, when the company expects to have lowered overall emissions by almost a third.

About 60 per cent of the planned emissions reductions will come from large renewable energy projects including wind and solar projects at the company’s Australian operations – Sunrise Dam and Tropicana, both in Western Australia – and solar-power plants at both Siguiri in Guinea and the Iduapriem and Obuasi operations in Ghana.

Editor of industrial titles and mastheads with Prime Creative Media. Publications include Rail Express and Australian Mining (web content).
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