Anglo American and Mitsubishi Materials have agreed to collaborate on a responsible copper value chain in Australia.
The companies have signed a memorandum of understanding on the creation of a copper product offering that responds to the growing demand for metals with strong provenance credentials.
The aim is to identify and measure sustainability indicators that industry stakeholders and end customers deem most relevant and valuable.
By using technology-driven traceability solutions, the two companies will work together to provide stakeholders with secure access to relevant product provenance information.
Anglo American and Mitsubishi Materials will also explore decarbonisation opportunities to reduce the overall carbon footprint of metal provided to customers.
“We are forging long-term collaborations with customers across key geographies, building on well-established commercial relationships to extend the impact of our commitment to create ethical value chains for our products beyond our own mining operations,” Anglo American base metals marketing executive head Paul Ward said.
“Consumers around the world are increasingly asking that their purchases come with greater assurance of sustainable production.
“Our work with Mitsubishi Materials aims to accelerate efforts to increase provenance visibility for materials used in some of the key technologies for modern life and to improve living standards for a growing global population through sustainable socio-economic development.”
Mitsubishi Materials sustainable development managing executive officer Nobuhiro Takayanagi emphasised the company’s core mission of a commitment to ‘people, society and the earth, circulating resources for a sustainable future’.
“We will build a connected system of metal resources based on our strengths and realise growth throughout the value chain by expanding the scope, regions, and scale of our operations,” he said.
“Through cooperation with Anglo American, we will promote efforts to ensure transparency of product information.”