(miningmx.com) - The cost of cutting carbon emissions for South Africa’s precious metal mining companies could be as much as 20% of their market capitalisation. This is according to a report by Nedbank Securities analyst Arnold van Graan who assumed a 30% carbon emission reduction target over 10 years. Van Graan added that while carbon emission abatement had become a business imperative, it had also “… started to impact the investment case of the companies we cover”. Firms included in the analysis were Sibanye-Stillwater, Gold Fields, Anglo American Platinum and AngloGold Ashanti. Companies have typically targeted a reduction in carbon emissions of 10% to 30% by 2030.
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