(BRIEF) Kumba Iron Ore Limited, a subsidiary of Anglo American plc, announced that its Sishen and Kolomela mines in South Africa have achieved Initiative for Responsible Mining Assurance (IRMA) IRMA 75 functionality. This achievement highlights Anglo American’s commitment to sustainability and transparency in iron ore production. Mpumi Zikalala, CEO of Kumba Iron Ore, highlights the mines’ commitment to culpable mining practices and the production of premium iron ore that contributes to the alleviation of carbon emissions in steelmaking. Themba Mkhwanazi, Anglo American regional director for Africa and Australia, highlights the importance of Kumba’s IRMA audit, positioning it as the first iron ore manufacturer in Africa to complete the assessment and offering stakeholders transparent sustainability practices. IRMA certification marks progress towards Anglo American’s Sustainable Mining Plan goal of subjecting all operations to third-party audits by 2025, their overall environmental, social and governance (ESG) functionality. Aimée Boulanger, executive director of IRMA, highlights the price of detailed audit reports to sell transparency and accountability in the mining industry. The publication of the IRMA reports for Kolomela and Sishen aligns with Anglo American’s commitment to culpable mining across its global operations, as demonstrated by past achievements at sites such as Minas Rio in Brazil and Barro Alto in Brazil, among others. .
(PRESS RELEASE) LONDON, March 27, 2024 — /EuropaWire/ — Anglo American plc takes note of Kumba Iron Ore Limited’s announcement on the Johannesburg Stock Exchange. The text of the ad is copied below:
Kumba Iron Ore announces that its Sishen and Kolomela mines in South Africa have been assessed against the Responsible Mining Insurance Initiative (IRMA) comprehensive mining standard, achieving IRMA functionality point 75. This reflects Anglo American’s built-in sustainability strategy and commitment to transparency in its efforts to achieve culpable iron ore production grades.
Mpumi Zikalala, CEO of Kumba Iron Ore, said: “We are proud of the efforts of our groups and the remarkable progress made in our two operations to publicise culpable mining practices. As part of our commitment to be a leader in ESG practices, we are committed to delivering premium iron ore-based products that help reduce carbon emissions in the steelmaking process, while also helping our consumers meet the growing demand for responsibly sourced fabrics in an effective and independently verified manner. Through IRMA’s assurance process, we were to assess our sustainability functionality at the Sishen and Kolomela mines, identify areas for improvement, and ensure that we are striving to meet the highest criteria for faulty mining. “
Themba Mkhwanazi, Anglo American’s Regional Director for Africa and Australia, said: “We are pleased that Kumba is the first iron ore manufacturer in Africa to submit the IRMA audit, offering stakeholders a transparent and verifiable way to report on sustainable practices. , and comparable. Launched last year, our virtual tracking skills platform Valutrax™ is available to consumers who purchase mining products from Anglo American, helping them track metals and minerals through a bespoke range of key indicators of provenance and sustainable skills, adding third-party assurance such as IRMA. The effects of IRMA demonstrate further progress compared to our commitment as part of our sustainable mining plan to subject all of our operations to third-party audits against the Responsible Mining Certification Standards through 2025. IRMA complements our ability to achieve greater perceived spaces where we can continue our ESG performance.
Aimée Boulanger, Executive Director of IRMA, said: “Through IRMA’s detailed audit reports, mining corporations, communities and corporations procuring mined fabrics can get the data they want on what is going well – and what would possibly require more attention – in fast mines. The Sishen and Kolomela reports show that these mines have transparent and independent evidence of their environmental and social performance.
The IRMA scoring formula recognizes four grades of performance: IRMA transparency, in which a mine is evaluated through a third party and publishes its scores; IRMA 50, 75 or 100, which means that a mine meets a set of essential needs and that at least 50%, 75% or one hundred percent of the needs in each of the 4 sections of the Standard for Responsible Mining are met respectively.
The IRMA Standard for Responsible Mining evolved over a decade through a public consultation procedure with more than a hundred Americans and organizations, aggregating mining companies, consumers and downstream end-users of mining products, NGOs, industry unions, and communities, and is considered to be one of the most rigorous certification procedures.
The link to the Kumba Mine Assessment can be found on IRMA’s website at: https://responsiblemining. net/.
The publication of the IRMA reports for Kolomela and Sishen is in addition to those already completed for other Anglo American operations, as follows:
Rio Mines (Brazil)
IRMA75
Mototolo (South Africa)
IRMA75
About Anglo American:
Anglo American is one of the world’s leading mining corporations and our products are essential ingredients in almost every facet of modern life. Our portfolio of competitive operations is global-class, with a wide range of features for long-term development. , supplies many of the long-term metals and minerals for a cleaner, greener and more sustainable world that meets the evolving daily demands of billions of consumers. With our people at the heart of our business, we use cutting-edge practices and the newest generation in spotting new resources and extracting, processing, moving and marketing our products to our consumers, safely and sustainably.
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These forward-looking views are based on a number of assumptions relating to Anglo American’s existing and long-term business methods and the environment in which Anglo American will operate over the long term. Important points that could cause Anglo American’s actual results, performance or achievements to differ materially from those indicated in the forward-looking statements include, but are not limited to, actual production levels in a given period, global demand levels and manufacturing costs. raw materials market. materials, unforeseen slowdowns in activity. relations with visitors or Anglo American purchases, exploration functions and delivery and progression of mineral resource allocations, recovery rates and other operational functions, safety, physical condition or environmental incidents, the effects of global pandemics and infectious disease outbreaks, the impact of third party attacks on our data systems, natural errors or adverse geological situations, climate changes and extreme weather events, the results of litigation or regulatory proceedings, the availability of extraction and processing equipment, the ability to download key entries in the timing, the ability to produce and ship products profitably, the availability of required infrastructure facilities (adding shipping), the progression, strength and adoption of new or competitive technologies, the demanding situations of completing resource estimates or finding new mineralization economic, the need for an effect of replacement rates on market costs and operating costs, the availability of sufficient credit, liquidity and counterparty threats, the effects of inflation, terrorism, war, conflict , political or civil unrest, uncertainty, tensions and disputes and economic and monetary situations around the world, changing the demands and expectations of society and stakeholders, shortages of qualified employees, unforeseen difficulties related to acquisitions or divestitures, competitive pressures and moves by competitors, the activities of courts, regulators and government authorities, for example in relation to licensing or mine closures and cessation of operations or maintenance. of Anglo American assets and adjustments to tax or safety, suitability, environmental or other types of regulation in the countries where Anglo American operates, disputes over property rights to land and resources and other known threat points in the annual report more recent Anglo American. Therefore, forward-looking announcements should be interpreted with those issues in mind and should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Anglo American expressly disclaims any legal responsibility or liability (except as required by applicable law, the Municipal Takeover and Mergers Code, the UK Listing Rules, the Financial Conduct Authority’s Disclosure and Transparency Rules, the needs directory in JSE Stock Exreplace). Limited in South Africa, SIX Swiss Exreplace, Botswana Stock Exreplace and Namibian Stock Exreplace and any other applicable regulations) to publicly post any update or revision to any forward-looking views contained herein to reflect any change in Anglo American’s expectations with respect to the themselves. or any replacement in events, situations or cases on which any of them are based.
Nothing herein should be construed to mean that Anglo American’s long-term earnings on a percentage basis will necessarily be equal to or greater than its previously reported earnings on a percentage basis. Some statistical and other data included herein comes from third-party resources. (including, but not limited to, externally conducted studies and trials). As such, it has not been independently verified and presents the consistent views of those third parties, but does not necessarily reflect the consistent views of Anglo American and Anglo American expressly disclaims any liability for such data.
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