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Anglo American loads first LNG dual-fuelled vessel in chartered fleet, cutting emissions by up to 35%

Published: 2023-01-26 10:51:38 ET
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                                                                                                                                [OFFICIAL]




Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

26 January 2023

Anglo American loads first LNG dual-fuelled vessel in chartered fleet, cutting emissions by up to 35%

Anglo American announces that its newly launched LNG dual-fuelled Capesize+ vessel, the Ubuntu
Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa.

The vessel is the first of ten LNG dual-fuelled new-build ships that Anglo American will introduce to its
chartered fleet during the course of 2023 and 2024, delivering an estimated 35% reduction in CO2
emissions compared to ships fuelled by conventional marine oil fuel. The use of LNG will also lead to a
significant reduction of nitrogen oxides and particulate matter from vessel exhausts, while new
technology also eliminates the release of unburnt methane.

The Ubuntu fleet is a key component of Anglo American’s ambition to achieve carbon-neutrality for its
controlled ocean freight by 2040 – with an interim target to reduce emissions from these activities by
30% by 2030 – all part of Anglo American’s wider ambition to halve Scope 3 emissions by 2040.

Peter Whitcutt, CEO of Anglo American’s Marketing business, said: “We are proud to see the Ubuntu
Harmony begin its voyage transporting future-enabling products from our mines to our customers around
the world. This milestone cements our vision to be a leader in low carbon shipping, a natural extension
of our commitment to achieve carbon neutrality across our operations by 2040.”

Nolitha Fakude, Chairperson of Anglo American’s Management Board in South Africa, said: “The metals
and minerals we provide play an important role in helping key industries decarbonise. Transporting them
in a sustainable way is a key part of this effort and the introduction of the Ubuntu fleet – named after the
Zulu word meaning ‘humanity to others’ – helps us accelerate our transition to sustainable ocean freight.”

Anglo American has established a comprehensive framework of initiatives for the decarbonisation of its
maritime activities, including energy saving devices fitted to existing vessels, the use of voyage
optimisation software, and a focus on exploring, trialling and adopting alternative, sustainable fuel
options – such as LNG, sustainable biofuel, green methanol and ammonia, and – further down the line –
hydrogen.

For further information, please contact:

  Media                                                                                       Investors

  UK                                                                                          UK
  James Wyatt-Tilby                                                                           Paul Galloway
  james.wyatt-tilby@angloamerican.com                                                         paul.galloway@angloamerican.com
  Tel: +44 (0)20 7968 8759                                                                    Tel: +44 (0)20 7968 8718

Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
                                                                                                                                  [OFFICIAL]




  Marcelo Esquivel                                                                            Emma Waterworth
  marcelo.esquivel@angloamerican.com                                                          Emma.waterworth@angloamerican.com
  Tel: +44 (0)20 7968 8891                                                                    Tel: +44 (0) 20 7968 8574

                                                                                              Michelle Jarman
  Rebecca Meeson–Frizelle                                                                     michelle.jarman@angloamerican.com
  Rebecca.meeson-frizelle@angloamerican.com                                                   Tel: +44 (0)20 7968 1494
  Tel: + 44 (0)20 7968 8888


  South Africa
  Nevashnee Naicker
  nevashnee.naicker@angloamerican.com
  Tel: +27 (0)11 638 3189

  Sibusiso Tshabalala
  sibusiso.tshabalala@angloamerican.com
  Tel: +27 (0)11 638 2175


The Company has a primary listing on the Main Market of the London Stock Exchange and secondary
listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange
and the SIX Swiss Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Notes to editors:

The Ubuntu Harmony is a 190,000 tonne bulk carrier, flagged in Singapore – the first such LNG dual-
fuelled vessel on the country’s register – and is designed to be larger than, but as flexible as, a
conventional Capesize vessel. The Ubuntu Harmony was built by Shanghai Waigaoqiao Shipbuilding and
is owned by U-Ming Marine Transport.

The vessel completed bunkering in Singapore in early January with LNG provided by Shell Eastern LNG. It
arrived in Saldanha Bay, South Africa on 19 January to load a full cargo of iron ore that will be transported
to customers in China. The Ubuntu Harmony will be followed by its sister ship Ubuntu Equality, the fleet’s
second vessel, which is expected to load her first cargo in February in South Africa.

Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad
range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium
quality iron ore and steelmaking coal, and nickel – with crop nutrients in development – we are
committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining
Plan commits us to a series of stretching goals to ensure we work towards a healthy environment,
creating thriving communities and building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value from precious natural resources for

Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
                                                                                                                          [OFFICIAL]




the benefit of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com




Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, including, without limitation, those regarding Anglo American’s financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations
(including development plans and objectives relating to Anglo American’s products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations,
are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American
or industry results to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates
and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and
processing equipment, the ability to produce and transport products profitably, the availability of transport
infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability
of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the
world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo
American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo
American’s most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or
undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities
exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-
looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or
any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information
about Anglo American included in this document is sourced from publicly available third-party sources. As such it has
not been independently verified and presents the views of those third parties but may not necessarily correspond to
the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect
of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43




Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43