By Jaime Llinares Taboada


Anglo American PLC said Friday that it has signed a memorandum of understanding with Electricite de France SA to develop a regional renewable energy ecosystem in South Africa.

The mining company said this ecosystem will be designed to meet its power needs in South Africa through the supply of 100% renewable electricity by 2030.

"We are targeting carbon neutrality across our operations by 2040 and we are making good progress. Today's announcement is a further major step towards addressing our on-site energy requirements--the largest source of our operational emissions," Chief Executive Mark Cutifani said.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

03-18-22 0328ET