On April 21, foreign media reported that Anglo American plc will prioritize its 680MW renewable energy ecosystem project in South Africa in 2023.
Anglo American is known to produce 61,100 tonnes of nickel in 2022. Of these, the Barro Alto Nickel project in Brazil and the Codemin Nickel project produced 32,700 and 7,100 metric tons of ferro nickel, respectively, while Rustenburg Platinum Mines Limited in South Africa produced 21,300 metric tons of refined nickel. Production guidance for 2023 is 38,000-40,000 tonnes. Unit cost guidance for 2023 is about 515c/lb.
Anglo American has agreed commercial terms for two 140MW wind farms and a 200MW solar farm in the Eastern Cape.
In addition, the diversified mining company has two solar projects at Kumba Iron Ore Company's Sishen mine in Northern Cape Province and Anglo Platinum's Mogalakwena platinum group metal mine in Limpopo province. A 70 MW PV installation is being put in place and pre-development of site stabilization and construction activities is underway, with full construction planned by the fourth quarter of 2023.
Similarly, Mogalakwena's 130 MW post-meter project is nearing financial settlement and is also expected to start construction in the fourth quarter. Currently, 52% of Anglo American's electricity and 25% of its energy use is renewable.
In addition to these renewable energy projects, Anglo American is bringing the world's largest hydrogen-powered delivery truck into production and is working with First Mode to accelerate the commercialization of this hydrogen technology.
A few weeks ago, Anglo signed a memorandum of understanding with H2 Green Steel, a Swedish hydrogen and steel producer, to work with them to advance low-carbon steelmaking, using Anglo's high-quality iron ore products from Kumba iron ore in South Africa and Minas Rio in Brazil.
On the shipping side, the first two of the ten LNG ships now serving Anglo American on the South Africa-Asia route are expected to reduce carbon dioxide emissions by 35% compared with conventional bunker ships.
Anglo American's Range 1 and Range 2 emissions are down 21% since their peak in 2019, reflecting progress, but significant efforts are still needed to meet the 2030 target of reducing 2016 emissions by 30% by 2040 and to achieve full carbon neutrality across the currently managed portfolio.
