BHP and Mitsubishi Development (MDP) have signed a memorandum of understanding (MOU) to pursue emissions reductions together with new technology.
The companies will review opportunities to undertake research, pilot new ideas and develop and deploy the technology.
BHP’s collaboration with Mitsubishi forms part of the mining company’s global program of projects in China, Canada, the United States and Australia to progress to lower emissions technology.
Some of BHP’s low emission technology investments include the trials of light electric vehicles powered by lithium ion batteries in its Olympic Dam underground fleet.
It also includes participating in the Lakeland battery storage and solar project featuring a 13-megawatt solar photovoltaic installation with storage of five megawatts an hour in regional Queensland, Australia.
Speaking in Tokyo, BHP chief executive officer Andrew Mackenzie said the MOU marked the beginning of an important collaboration with one of the company’s long-term industry partners in Mitsubishi.
“BHP is committed to accelerating the development of emerging technologies that have the potential to achieve material reductions in greenhouse gas emissions,” he said.
“Our Japanese partners and customers are critical to the development of new technologies and approaches to emissions reductions that stand to benefit countries across the globe.”
The BHP Mitsubishi Alliance, owned 50/50 by BHP and Mitsubishi Development, is Australia’s largest coal producer and supplier of seaborne metallurgical coal.
Mitsubishi Development chief executive officer Sadahiko Haneji said the MOU was an important initiative for a company engaging in mineral resources activities in Australia.
“Mitsubishi Corporation Group, and therefore MDP, is committed to simultaneously generating economic value, environmental value, and societal value through all business activities it conducts,” he said.
“In line with this principle and guided by commitment to corporate social responsibility as well as global climate targets, MDP is enhancing its efforts to generate further environmental value, to help society transition to a low-carbon future.”
BHP has a longstanding relationship with Japan, being the company’s second largest customer, suppling the country with iron ore, coal, nickel, uranium, LPG and LNG.