Nature Positive Role of the Mining and Metals Sector

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Foreword Metals and minerals play a critical role in modern life – they are the building blocks that underpin goods and services that improve living standards, new technologies and infrastructure for energy decarbonization, and agricultural inputs to improve food security.  As miners, we interact with the natural environment and communities every day, which brings a deep responsibility to operate sustainably for people and our planet.   Nature is not a new topic for the mining sector; indeed, a 2023 ICMM survey, Understanding the Perceptions of Mining, indicated that taking action on nature is the most important thing we can do to change negative perceptions of mining. Through environmental and social impact assessments, we understand the complex interconnectivity of nature with stakeholders where we work. Coupled with our collective experience in delivering large- scale projects, we can help restore ecosystems and habitats beyond our footprint and at scale, in partnership with others. We have also made positive steps towards commitments for nature in recent years, including through ICMM’s 2024 Nature Position Statement.   The metals and minerals the world needs will increasingly be found in areas that are more complex from a physical and socio-economic perspective, and where water and biodiversity are of critical importance, raising the challenge of balancing competing resource needs. At our Quellaveco copper mine in Peru, we implemented a transformative water management approach to balance operational needs with community and environmental priorities. We rerouted the Asana River outside the mine site to preserve its role as a vital freshwater source for the community. Additionally, we built the Vizcachas dam, a shared value infrastructure project, to capture excess water during the rainy season and allow the seasonal river to flow throughout the year, enhancing both water availability and quality for downstream agricultural and community users. Our operations, meanwhile, use the water from the Titire River as the main water source, which is unsuitable for agriculture and human consumption due to its high volcanic mineral content. The project was successful due to a deep dialogue process with local stakeholders and an innovative approach to delivering sustainable solutions as part of securing our license to operate. This is the experience we are taking forward at our next developments at Woodsmith in the UK and then at Sakatti in Finland.   As a sector, we must integrate work to protect and restore nature with work on climate, water and social impact into all aspects of an operation throughout its life, from exploration to life beyond mining. Strengthened data and disclosure, supported by initiatives such as the Taskforce for Nature-related Financial Disclosures (TNFD), can help keep us accountable and identify opportunities for collective action. We have a role in supporting regional and local governments with the delivery of the Global Biodiversity Framework goals to accelerate the protection and restoration of nature. Of course, we cannot do this alone. Through building trust, collaborative relationships and strategic partnerships with communities, governments and partners across industries and the entire value chain, we can ensure that we are preventing and mitigating adverse impacts while catalysing a systemic and sustainable positive legacy. In summary, the mining sector has an important synergistic association with nature. Nature should not be seen as a cost to our businesses or just a risk to be managed, but a driver of real value. As an industry, we have an opportunity to enable positive change, collaborating widely to drive measurable actions on the ground.   Let’s make nature collaborative, not competitive.Duncan Wanblad Chief Executive, Anglo American Nature Positive: Role of the Mining and Metals Sector January 2025 Nature Positive: Role of the Mining and Metals Sector 3
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