Sustainable Mining – Making 200,000 Tons of CO₂ Disappear

Can mining fight climate change instead of fueling it?
Diego Ortega, VP of Corporate Affairs & Sustainability at Anglo American, explains how the industry can move beyond carbon neutral to net positive — making 200,000 tons of CO₂ disappear while extracting the critical minerals that power renewable energy. Learn how they built a $5.5B copper mine during COVID with five different presidents, and why critical minerals for renewable energy must shift from "needed" to "wanted" in developing countries.

Key takeaways
• Anglo American completed a $5.5B copper mine in Peru on time/budget despite COVID and political instability
• Success requires transforming mining from "needed" to "wanted" industry through community engagement
• Critical minerals for energy transition predominantly come from developing countries
• Regional approach spans three provinces rather than focusing on individual communities

Timestamps
0:00 - Net positive vs. carbon neutral mining philosophy
0:40 - Anglo American's global operations and critical minerals
1:14 - From "needed" to "wanted" mining industry
1:43 - $5.5B Quellabeco mine
2:31 - Five pillars of sustainable mining success
2:56 - Regional impact strategy beyond local communities
3:25 - Global perspective and Harvard Business School insights

Filmed at the 2025 GISt conference hosted by Harvard Business School’s Institute for Business in Global Society (BiGS) and the Berkley Economy and Society Initiative (BESI).
Learn about the industrial policy and the GISt project: https://www.hbs.edu/bigs/green-industrial-strategy-conference Receive SMS online on sms24.me

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