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Investegate |Antofagasta PLC Announcements | Antofagasta PLC: TCFD PROGRESS REPORT
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Antofagasta : Quarterly Production Report - Q2 2021
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ANTOFAGASTA SETS NEW EMISSIONS TARGETS
Antofagasta plc (the Company ) is pleased to announce two new greenhouse gas (GHG) reduction targets as part of its Climate Change Strategy and its wider commitment to operate sustainably as a leading copper producer. One is to reduce the Company s direct (Scope 1) and indirect (Scope 2) GHG emissions by 30%, or by 730,000 tonnes of CO2e by 2025, relative to 2020. The other, longer-term, target is to achieve carbon neutrality by 2050, in line with
Chile s own national target, or earlier if technologies are developed over the coming years that allow this goal to be achieved sooner.
In 2018 Antofagasta set the goal to reduce both its Scope 1 and Scope 2 CO2 emissions by 300,000 tonnes of CO2e between by 2022, supported by a series of initiatives, including switching to sourcing its power from renewable energy producers rather than conventional sources. The Company achieved this target two years early with emissions reduced by over 580,000
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Q1 2021 PRODUCTION REPORT
Antofagasta plc CEO,
Iván Arriagada said: Antofagasta´s production and cost performance in the first quarter was in line with guidance with copper production at 183,000 tonnes and net cash costs at
$1.16/lb. Labour negotiations were successfully concluded at Los Pelambres and no further negotiations are scheduled at our mining operations until next year. In March,
Chile entered a second wave of COVID-19 infections as the number of cases in
Chile accelerated, reaching record daily cases since the outbreak of the pandemic. As a result, countrywide lockdowns have been reinstated with the availability of critical hospital infrastructure under significant pressure. In addition to the health measures we introduced last year we have further reduced our on-site workforce and these actions have allowed us to continue to operate our mines and projects under these challenging conditions. Additional testing has been introduced throughout the Group wh
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