AngloGold Ashanti eyes 30% reduction in greenhouse gas emissions by 2030

AngloGold Ashanti is targeting a 30% absolute reduction in greenhouse gas (GHG) emissions by 2030 through a combination of renewable energy projects, fleet electrification and lower-emission power sources. 
The miner, which has reduced its absolute GHG emissions by more than two-thirds since 2007, is committed to achieving net zero emissions by 2050.
“We have a clear pathway to achieve our target by 2030 when we expect to have lowered our overall emissions by almost a third,” said company chief executive Alberto Calderon.
“This ensures we continue to do our part in reducing our carbon footprint, while also improving the value of our business.”
The targeted reduction, from a 2021 baseline of 1.4 million tonnes of carbon dioxide equivalent, seeks to see emissions from the company’s activities lessen to about 1 million tonnes by the end of the decade. 
It said the capital cost required to achieve these reductions over the coming eight years is anticipated to be about $1.1 billion, of which $350 million will be funded over that period by AngloGold Ashanti and the remaining $750 million through third-party funding, including from providers of renewable energy infrastructure.
The company plans in the coming weeks to initiate a process to secure a green funding facility of $250 million to $300 million to finance its portion of these decarbonisation initiatives across its business.

Mathew Nyaungwa, Editor in Chief of the African Bureau, in Zimbabwe, Rough&Polished