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Anglo American contributes further £305 million to the regional economy

22 February, 2024

Anglo American has reported an increase in its contribution to the regional economy over the last year through the Woodsmith Project, its game-changing polyhalite mine near Whitby. In 2023 the project generated an additional £305 million to the region’s economy, bringing the total contribution to £1.5 billion since construction started in 2017. 

The project is now employing over 1,400 local people, which is 70% of the total workforce, far exceeding what was expected at this point in construction.

The company continues to deliver wide-ranging community initiatives across the area and last year, its social investment programme included the launch of a new educational outreach programme and enabled the creation of 73 new local business start-ups.

The company has today announced its global annual results and the difference the Woodsmith Project is making to the regional economy is again significant.

The latest Social Impact Report highlights the importance of the significant investment the company is making in the region.

“We are passionate about building a long-term economic legacy in the region,” said Matt Parsons, Social Performance Manager for Anglo American’s Woodsmith Project.

“Last year we supported 73 new business start-ups and were proud to see the launch of ‘Made in Whitby’. This scheme supported a group of local businesses to create a joint brand to promote high quality locally-sourced products to broaden their reach.”

The new education programme, Achieve, is supporting students across Redcar and Cleveland, Whitby and Scarborough to reach their potential.

“Achieve offers extensive support for the schools in our local area as we believe all children should be equipped to achieve their potential, regardless of their background. Achieve gives all children the same opportunities to thrive. We have also engaged with over 8,000 students over the last year through broader outreach,” added Matt.

Jordan Philliskirk, Assistant Headteacher for Achievement & Standards at Scalby School, Scarborough said: “Achieve has been imperative in raising the aspirations of our students whilst exposing them to incredible opportunities. It has helped develop their academic potential as well as promoting fundamental social skills, challenge and resilience. This is a programme that we have been crying out for for many years now.”

Tom McCulley, CEO of the Project, added: “Our purpose at Anglo American is to re-imagine mining to improve people’s lives and we are doing that right here in North Yorkshire and Teesside - helping to make a positive difference locally and in the world for decades to come.”

For further information, please contact:

Daniel Gregory, External Communications Officer
[email protected]
Tel: +44 (0) 7890 049400

Notes to editors:

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely and sustainably.

As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), premium quality iron ore and steelmaking coal – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com