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Anglo American inks MOU with EDF Renewables

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  1. 03 Jun, 2025
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Iain Gilbert Sharecast News
18 Mar, 2022 08:42 18 Mar, 2022 08:42

Anglo American inks MOU with EDF Renewables

dl anglo american mining miners inspection finland ftse 100
Anglo AmericanCompany photo / Anglo American

Anglo American

2,160.00p

12:15 03/06/25
-2.70%
-60.00p

Mining giant Anglo American has inked a memorandum of understanding with EDF Renewables to secure a 100% renewable energy supply for its South Africa operations.

FTSE 100

8,780.00

12:15 03/06/25
n/a
n/a

FTSE 350

4,815.25

12:15 03/06/25
n/a
n/a

FTSE All-Share

4,765.36

12:15 03/06/25
n/a
n/a

Mining

17,528.04

12:14 03/06/25
0.16%
28.05

Anglo American said on Friday that the duo will work together towards developing a regional renewable energy ecosystem in South Africa, with the ecosystem expected to be designed to meet Anglo American's operational electricity requirements in the nation through the supply of 100% renewable electricity by 2030.

The FTSE 100-listed firm stated that the regional renewable energy ecosystem will draw on South Africa's natural renewable energy potential to develop a network of on-site and off-site solar and wind farms, amongst other opportunities, offering 24/7 renewable energy to Anglo American's operations.

Separately, Anglo American revealed it had commissioned the Benguela Gem diamond recovery vessel ahead of schedule and below budget.

Anglo American said the Benguela Gem, a 50/50 joint venture between De Beers and the Government of Namibia, will add an additional 500,000 carats of high-value diamonds to annual marine production, an increase of around 45%, following an investment of approximately $420.0m.

As of 0835 GMT, Anglo American shares were up 1.51% at 3,709.0p.

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