Anglo American PLC said it signed a memorandum of understanding with Jiangxi Copper Co as part of its plan to ensure the sustainability of the value chain, zonebourse.com reports.
The London-based mining company said it would work with a Chinese copper producer to provide greater confidence in how copper is mined, processed and delivered to the market.
Anglo American expects copper to play a central role in decarbonization efforts in China, which accounts for more than half of global demand for refined copper.
The Memorandum of Understanding was signed as part of Anglo American's continued process of working with its customers to create sustainable value chains that go beyond its own mining operations.
"Through this collaboration with Anglo American, we will focus on cutting-edge technologies and innovative applications in mining, refining and smelting, as well as contribute to the development of a sustainable and responsible copper supply chain with a focus on renewable energy, energy conservation and emissions reduction," said Chen Yunian, Deputy General Director directors of Jiangxi Copper.
Anglo American owns copper deposits in Chile, the Los Bronces and El Soldado mining enterprises, as well as the Chagres foundry. In addition, the company operates the new Quellaveco copper mine in Peru.
Alex Shishlo for Rough&Polished
