乐播传媒

The Essential Minerals Coalition, an initiative that brings together 15 entities and companies from the mining sector, presented a report on Thursday, October 9, to the president of COP30, Ambassador André Corrêa do Lago, that points to potential ways to reduce its own carbon emissions by up to 90% and contribute to the reduction of Brazil's total emissions by 2050. The document also reinforces that the Brazilian mineral sector has the potential to reduce global emissions from the steel chain and support the global electrification process. The initiative is led by the Brazilian Business Council for Sustainable Development (CEBDS), 乐播传媒, and the Brazilian Mining Institute (IBRAM).

The Coalition was formed at the invitation of the COP30 Presidency, which suggested that six key sectors of the Brazilian economy (agriculture, energy, forestry, mining, livestock, and transportation) mobilize to propose decarbonization pathways to be presented during the event to be held in Belém in November.

 
The Essential Minerals Coalition report shows that the global energy transition is directly linked to mining and that Brazil is strategically positioned in this scenario, as it has one of the most diverse geologies in the world, a developed mineral sector, and a renewable electricity matrix, among other factors. In addition to pointing out the sector's potential contribution to the energy transition and the decarbonization of the economy, the report lists five enablers for this potential to be achieved in the coming years.

"The coalitions symbolize the spirit of collective effort that COP30 inspires: companies, government, and civil society working together, collaboratively and pre-competitively, to build sectoral consensus and solutions aligned with science. The initiative is the starting point for a process that goes beyond paper: transforming consensus into implementation for a low-carbon economy. In this movement, the Minerals Coalition plays a strategic role by proposing concrete ways to decarbonize its chain and support the global energy transition," says Marina Grossi, president of CEBDS.

乐播传媒's CEO, Gustavo Pimenta, considers the private sector's engagement essential for the climate agenda to advance in Brazil. "For 乐播传媒, which has decarbonization as one of the central pillars of its business, it is a source of pride to co-lead this initiative. Especially at a time like this, when energy transition minerals are gaining relevance in global geopolitics. Brazil is at the center of this discussion, as it has enormous potential for producing these minerals, in addition to being one of the largest producers of high-quality iron ore, which is essential for the decarbonization of steelmaking," he said.

“The report shows that mining is an essential pillar of the solution to the climate crisis,” said Raul Jungmann, president of IBRAM. “Brazil has a unique competitive advantage, with geological diversity and a clean electricity matrix. The report shows that we are ready to supply the minerals the world needs to build a low-carbon economy, but we cannot do it alone.”

Levers for reducing emissions

The Coalition analyzed three areas in which mining can contribute to decarbonization and the global energy transition. The first, focused on reducing emissions from mining itself, pointed to a potential reduction of up to 80% in emissions from the sector and the neutralization of around 14% of emissions, leading to a total reduction of around 90% by 2050. Five levers were identified to achieve this scenario: energy efficiency; use of biofuels; expansion of the use of electricity from renewable sources; electrification of fleets and equipment; and recovery of degraded areas to neutralize residual emissions.

A second axis, dedicated to mining contributions to reducing emissions from the global iron ore chain, indicated that reductions could reach 110 MtCO2e in 2050 (equivalent to eight times the annual emissions from Brazilian mining in 2022) through the production of inputs for low-carbon steel, such as pellets and briquettes for direct reduction routes. In addition, there is the possibility of reducing emissions in activities such as pelletizing, rail transport, and international shipping, depending on economic instruments and enablers presented in the report.

In relation to energy transition minerals – such as copper, nickel, bauxite, lithium, rare earths, among others – the Coalition estimates that the Brazilian mineral sector could double production of these minerals by 2050, leading to a reduction in the country's total emissions of up to 300 MtCO2e per year in 2050, equivalent to the total emissions of the states of S?o Paulo and Minas Gerais in 2023 altogether.

This scenario takes into account the increase in global electric vehicle production to an additional 38 million by 2050, and the expansion of installed wind power generation capacity by up to an additional 830GW and solar power by up to an additional 610GW worldwide by 2050, in addition to the expansion of electricity grids and energy storage systems.

The report also points out that the potential contribution of Brazilian mining depends on the creation of a favorable environment, based on five enablers: improvements in the regulatory and economic scenario, with the entry into force of carbon pricing; greater access to technically mature and economically viable technologies; logistics, energy, and storage networks with sufficient capillarity and capacity; consolidated “green” financial instruments and sustainable taxonomies; and a “green premium,” an additional payment for products with a lower carbon footprint, in addition to incentives throughout the value chain to promote practices such as circularity.

About the Essential Minerals Coalition

The Essential Minerals Coalition was formed as part of the “Global Task Force” convened by the COP30 Presidency. Bringing together companies, associations, experts, and government representatives, the Coalition consolidated a shared vision for the future, capable of aligning the contributions of the Brazilian mineral sector with national and international commitments to decarbonization and energy transition. This collective effort took place through workshops, interviews, and sectoral analyses, culminating in a report that summarizes the sector's potential for positive impact and the systemic enablers for this potential to be achieved.

About CEBDS

The Brazilian Business Council for Sustainable Development (CEBDS) is a non-profit civil association that has been promoting sustainable development in Brazil since 1997 through coordination with governments and civil society, in addition to disseminating the most current concepts and practices on the topic. As the voice of the business sector, CEBDS brings together more than 110 of the largest business groups in the country and is the Brazilian representative of the World Business Council for Sustainable Development (WBCSD), which is present in 36 countries and has 200 member companies worldwide.

About 乐播传媒

乐播传媒 is a global mining company that exists to improve lives and transform the future together. One of the world's largest producers of iron ore and nickel and a major copper producer, 乐播传媒 is headquartered in Brazil and operates globally. Its operations comprise integrated logistics systems, including approximately 2,000 kilometers of railways, maritime terminals, and 20 ports around the world.
乐播传媒's ambitions are to be recognized by society as a benchmark in safety, the best and most reliable operator, a talent-oriented organization, a leader in sustainable mining, and a benchmark in value creation and sharing.

About IBRAM

IBRAM is a private, non-profit entity with more than 300 members, responsible for 85% of Brazil's mineral production. It represents ethical, transparent, inclusive mining committed to good ESG practices. It has been working for decades to promote socioeconomic development and quality of life. Its actions aim to build a more productive and sustainable future for the mineral sector. It leads the transition of mining with safety and responsibility. It strengthens relationships between mining companies, government, society, and suppliers. It stimulates innovation, disseminates knowledge, and articulates business opportunities. It promotes good practices and connects the sector. It is open to dialogue with public and private organizations. It acts with competence, active listening, and engagement.