AngloGold Ashanti is proactive and transparent in minimising current and future climate risks. We work to strengthen the climate resilience of our business and our value chain partners, our host communities and the environment in which we operate.
Our Climate Change Strategy aims to deliver measurable progress, focus our actions, and demonstrate our commitment to proactive, holistic, sustained and transparent action on climate change. To achieve this, our Climate Change Strategy adheres to five key Principles:
- Seeking to ensure that our core values are upheld through actions arising from the Climate Change Strategy
- Maintaining external commitments where we are a signatory, including the ICMM’s Mining Principles, the ICMM’s Position Statement, the WGC’s Responsible Gold Mining Principles and the UNGC
- Taking a holistic, long-term, life-of-mine and systemic approach to managing climate risks that includes aspects beyond the fence line, supply chains, communities and ecosystems
- Using the latest science-based data, information and knowledge to support decision-making
- Disclosing in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). View our climate change disclosure TCFD table in the <IR>.
Policies and standards
- Management Standard: Air Quality English, pdf
Climate Change Report 2020/21
Our first Climate Change Report explains how we are managing the impacts of climate-related risks and opportunities to maintain operational and financial resilience under different climate-related scenarios.
Hybrid renewable energy plant at the Tropicana gold mine
AngloGold Ashanti has taken a major step forward on its decarbonisation journey by entering into an agreement with Pacific Energy to integrate wind and solar energy into the existing power generation infrastructure at the Tropicana gold mine in Australia.
The Tropicana renewable energy plant is expected to deliver a 48% reduction in power generation emissions, equivalent to:
TREES(1) PER YEAR
CARS(2) PER YEAR
LONG-HAUL PLANE(3) TRIPS
DIESEL LITRES PER YEAR
GAS GIGAJOULES PER YEAR
The agreement is to construct and operate 62MW of wind and solar generation capacity at the site, which will be integrated into the existing 54MW gas-fired power station at the mine under a 10-year build-own-operate agreement. The infrastructure will comprise four 6MW wind turbines, a 24MW PV solar plant made up of approximately 44,100 panels with single access tracking, and a 14MW battery energy storage system (BESS). Together, the energy solution will deliver an expected 50% reduction in overall natural gas consumption, which currently represents the largest off-grid gas-wind-solar battery storage facility in the Australian resources sector. The project is due for completion in early 2025, with on-site construction expected to commence in the second half of 2023.
- WA trees/shrubs required to sequester equivalent carbon in a single year (Source: Carbon Neutral: 15 trees sequester 1 CO2e over 30 years)
- WA cars taken off the road in a single year (Source: RAC Vehicle Emissions: Average WA car emits 3.13tCO2e/year)
- Perth – London Return Passenger Trips on Qantas Dreamliner in a single year (Source: Escape Travel, Per-Lon 3.1 tCO2e. Qantas 236 seats per Dreamliner).
AngloGold Ashanti set its first emissions reduction targets in 2008, which were met in 2018 and by 2021, we had achieved a 47% reduction in GHG emissions intensity through some fuel switching and efficiency improvements but also due to the closure and divestment of assets.
ICMM climate change commitment
In October 2021, AngloGold Ashanti committed collectively with members of the International Council on Mining and Metals (ICMM), to a goal of net zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner in line with the ambitions of the Paris Agreement.WATCH: CEO COMMITMENT OPEN LETTER NEWS RELEASE