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Anglo American expects to earn extra US$9B through 2030 in sustainability drive

Anglo American Plc CEO Mark Cutifani expects the company's sustainability drive to earn it an additional US$9 billion through 2030 by improving mining methods and relations with governments as well as the communities where it operates, Bloomberg News reported March 13.

"If you don't have good relationships you don't get access to ground; if you don't have access to ground you can't develop a mine," Cutifani was quoted as saying.

The mining giant plans to spend about US$200 million per year to achieve sustainability targets that include reducing greenhouse gas emissions by 30% and improving energy efficiency across its operations by 30% by 2030.

The company will also look to decrease freshwater use by half in water-scarce regions.

Anglo American recently halted operations at its Minas Rio iron ore mine in Brazil after a pipeline ruptured, leaking a mixture of iron ore and water to a local watershed.