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principles will be applied and whether Anglo American’s FutureMining and “later cycle products that support a fast-
companies and lenders will even com- Rio Tinto’s green aluminium initiative growing global population and a cleaner,
ply. Companies should be talking to are examples of miners’ efforts to cre- greener, more sustainable world”.
funders now and getting some guidance ate businesses which produced more “The addition of this Tier 1 project to
on the lender’s stance.” sustainable outcomes. Where possible, the portfolio absolutely supports our
Cheveley wants to see companies do larger miners are implementing changes transition to those metals and minerals
more than simply adopt standards and beyond the mine site, even undertaking that will meet the world’s evolving needs,
voluntary codes. portfolio change to adapt to changing including infrastructure and food for the
“On ESG, we want to see progress on perceptions. world’s fast-growing and urbanising
measured impacts, embedding targets When Anglo American announced its population and the undoubted need for
into the organisation and making an ef- acquisition of the North Yorkshire poly- cleaner energy and transport,” he said.
fort to communicate that. We want to see halite fertiliser project in January, Cutifa- BHP and Rio have also begun divest-
them doing, not just talking about it,” he ni said it was in keeping with the compa- ing thermal coal assets as they reshape
said. ny’s move towards a portfolio based on their portfolios towards new energy tech-

aUSTRaLIa’S PaYDIRT MaRCH 2020 Page 27