Published: November 1, 2023 |

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Anglo American has signed a memorandum of understanding with Mitsubishi Materials Corporation to collaborate on the creation of a copper product offering that responds to growing demand for metals with demonstrably strong provenance credentials.

The collaboration will focus on driving traceability across copper’s fragmented value chain, with the aim of identifying and measuring sustainability indicators that industry stakeholders and end customers deem most relevant and valuable. By using technology-driven traceability solutions, the two companies will work together to provide such stakeholders with secure access to relevant product provenance information.

Anglo American and Mitsubishi Materials will also explore decarbonization opportunities to reduce the overall carbon footprint of the metal provided to customers.

“We are forging long-term collaborations with customers across key geographies, building on well-established commercial relationships to extend the impact of our commitment to create ethical value chains for our products beyond our own mining operations,” said Paul Ward, executive head of Base Metals Marketing at Anglo American.

“Consumers around the world are increasingly asking that their purchases come with greater assurance of sustainable production. Our work with Mitsubishi Materials aims to accelerate efforts to increase provenance visibility for materials used in some of the key technologies for modern life and to improve living standards for a growing global population through sustainable socio-economic development,” added Ward.

“Our company has set out our commitment’ of ‘for people, society and the earth, circulating resources for a sustainable future.’ We will build a connected system of metal resources based on our strengths and realize growth throughout the value chain by expanding the scope, regions, and scale of our operations. Through cooperation with Anglo American, we will promote efforts to ensure transparency of product information,” said Nobuhiro Takayanagi, managing executive officer Responsible for Sustainable Development at Mitsubishi Materials Corporation.

Anglo American is a leading global mining company and its products are the essential ingredients in almost every aspect of modern life. Their 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 people at the heart of their business, they use innovative practices and the latest technologies to discover new resources and to mine, process, move, and market products to their customers — safely and sustainably. As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel — with crop nutrients in development — they are committed to being carbon neutral across our operations by 2040. More broadly, their Sustainable Mining Plan commits them to a series of stretching goals to ensure they work towards a healthy environment, creating thriving communities, and building trust as a corporate leader. They work together with business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which they operate.

Mitsubishi Materials is a global manufacturer of copper and other non-ferrous metal materials, cemented carbide tools, and electronic components.

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