Vale Accelerates Drive to Net Zero Emissions with Billion Dollar Pledge

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Brazilian-based integrated mining company, Vale, is leading the way in carbon emission reductions across the global mining industry with a recent pledge to spend approximately $2 billion to reduce its Scope 1 and 2 emissions by 33% by 2030. Comprising a significant step in the company’s path to become carbon-neutral by 2050, the financial commitment represents the largest investment ever undertaken by the mining industry to address climate change.

With objectives to ensure 100% self-generation of clean energy globally, the recovery and protection of 500,000 ha of forest areas and to become carbon neutral by 2050, the company is leading the way in a clean mining future and is expected to bring these best practices to its operations in Africa.

Vale has an active presence in Mozambique with the operation of the Moatize coal mine – representing the company’s largest investment in this segment. The mine has a capacity of approximately 22 million tons of coal ore and supplies India, the Americas, Europe and Eastern Asia. Vale’s operations and projects in Mozambique are expected to grow the most in terms of the global coal supply, and therefore, the company is focused on enhancing efficiency and sustainability. With the recent pledge to reduce emissions, Vale will bring its technological strategies regarding energy efficiency, the increased use of renewables, and new processes to Mozambique, emphasizing the role that clean mining has to play in reducing climate change.

Additionally, the company has emphasized its goal to replace conventional energy sources with its own renewable generation, made possible with the recent financial pledge. Currently, Vale has an average electric power consumption of 1800MW, with 38MW across its Mozambique operations. By integrating renewable energy with mining, and prioritizing renewable infrastructure developments, Vale is demonstrating how African and global mining companies can drive the energy transition, promoting clean energy that translates into clean mining.

In line with the Paris Climate agreement, and with a focus on world-class sustainability best practices, the company has prioritized several commitments to enhance its Environmental, Social and Corporate governance through revised 2019 ambitious goals, with the top constituting the dramatic decrease in its CO2 emissions.

Energy Capital & Power – Africa’s leading energy event organizer – will host the Africa Energy & Mining 2022 Conference & Exhibition, which will be held in Cape Town on March 29-31, with an in-person and online Africa Energy & Mining seminar to be held in Cape Town in November 2021 to set the agenda. To learn more about the Africa Energy & Mining series and the post-COVID-19 energy and mining landscape in Africa, please visit www.energycapitalpower.com. For sponsorship or exhibition opportunities, please contact sales@18.198.47.39.

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Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.

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