Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio
Anglo American, a leading mining company, is making significant strides in early-stage exploration in Zambia’s Northwestern Province to uncover potential copper and cobalt reserves.
This move, announced by Anglo American CEO Duncan Wanblad in Cape Town, signifies the company’s commitment to fostering a more resilient mining industry in southern Africa.
“Wanblad expressed optimism about Zambia’s mining sector, highlighting its potential for renewed activity, which bodes well for both Zambia and African mining as a whole,” stated the CEO. “Despite being in the early stages, we are determined to make a positive impact without delay.”
In addition to its exploration endeavors in Zambia, Anglo American is embarking on a sustainable energy initiative in South Africa, aiming to launch 520 MW of clean energy through solar and wind projects.
These projects, developed in partnership with independent power producer EDF Renewables under the joint venture Envusa, demonstrate Anglo American’s commitment to environmental stewardship and energy sustainability.
Furthermore, Anglo American’s engagement in Angola is set to bolster the country’s investment climate through a series of Mineral Investment Contracts signed with the Angolan government in 2022.
These contracts, focusing on license areas in Angola’s northwestern region, are poised to create a conducive environment for investment and growth in the country.
“Wanblad emphasized the importance of effective partnerships with host nations to ensure sustainable economic and social benefits for Africa and its people,” underlined the CEO.
Anglo American’s multifaceted approach to exploration, renewable energy development, and investment partnerships underscores its dedication to driving positive change and long-term prosperity in the African mining sector.
