Energy & climate change

Climate change is one of the critical global challenges of our time. The impacts of climate change are already being felt, from changes in weather patterns, evolving regulation and stakeholder expectations, and shifts in technology.

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 Sustainability Report 2023: Climate action and resilience and ESG Data Workbook.

Policies and standards

Management Standard: Air Quality English, pdf

Related Reports

AngloGold Ashanti’s roadmap to Net Zero by 2050 is embedded within our strategy and comprises three stages:

Target 100% clean electricity (>70% green) including wind, solar, hydrogen, battery, combined with new storage technologies.
Eliminate the use of fossil fuels and adopt 100% electrification. This will include the adoption of electric material movement technology (conveyors, railveyors, trolley assist, battery technology), energy efficiency initiatives and will be supported by innovative approaches (such as in situ leaching).
Use carbon offsets if this is necessary and as a last resort, particularly where this could support local communities.

Market release Webcast Infographic Presentation

Our Decarbonisation Journey

AngloGold Ashanti has set an interim target of cutting Scope 1 and 2 greenhouse gas emissions by 30% by 2030 through a combination of renewable energy projects and initiatives which improve efficiency or use lower-emission power sources. We have taken significant steps towards this target with the start of our renewable energy project at Tropicana in Australia and switching to the national power grid at Geita in Tanzania.

In Australia, subsidiary AngloGold Ashanti Australia entered into an agreement with Pacific Energy to build one of the largest renewable energy projects in Australia’s natural resource sector. The construction of this hybrid wind, solar and battery storage facility will be the first of its kind to be implemented by the company and will reduce our average carbon emissions by more than 65,000 tonnes per annum over the 10-year life of the Power Purchase Agreement.

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At the Geita Gold Mine in Tanzania, a switch diesel generation is being replaced with grid power sourced with a more environmentally friendly combination of energies including hydropower and natural gas. The mine is drawing power from a new on-mine substation linked to Tanzania’s national power grid. The switch will result in an estimated 80% reduction in fuel consumption.

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Our performance

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.

HA | GHG emissions intensity (kilotonnes of GHG per tonne treated)

HA | Scope 1 & 2 GHG emissions (kilotonnes of CO2e)

HA | Energy consumption (petajoules)

HA | Energy intensity (gigajoules per tonne treated)

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

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