Anglo American and Chinese copper miner team up for more responsible production

Anglo American, a UK-based mining company, has signed a memorandum of understanding (MoU) with Jiangxi Copper, a Chinese copper miner, to collaborate on responsible copper production. The MoU aims to guide Anglo American in creating sustainable value chains that extend beyond its own mining operations. This partnership aligns with Anglo American's strategy to develop customer-centric value chains that meet the demand for copper while prioritizing strong provenance credentials. The agreement was signed in Jiangxi Copper's headquarters in Nanchang, China.

“That value chain begins with our portfolio of high-quality and long-life assets, now also including our world-class Quellaveco mine in Peru, which began production in 2022.

China is the largest copper-consuming country in the world, accounting for more than half of refined copper consumption in the world.

The element is mainly used in construction, appliances and machinery, as well as in fast-growing renewable energy and electric vehicles.

Copper is also expected to play a significant role in the country’s own decarbonisation efforts.

Jiangxi Copper deputy general manager Chen Yunian said: “As one of the world’s largest copper producers, Jiangxi Copper is committed to green, sustainable and high-quality development.

Interested in more news about copper? Learn more about copper highlights of 2022 and forecast for 2023!