29Metals Ltd, headquartered in Australia, is a prominent player in the copper ores and concentrates industry. Founded in 2021, the company has quickly established itself as a key supplier of high-quality copper products, primarily focusing on the extraction and processing of copper ores. With major operations in Australia and a commitment to sustainable mining practices, 29Metals is dedicated to delivering exceptional value to its customers.
The company’s core offerings include copper concentrates, which are distinguished by their purity and efficiency in production. 29Metals has achieved notable milestones, including the successful launch of its flagship operations, which have positioned it as a competitive force in the global market. With a strong emphasis on innovation and sustainability, 29Metals continues to enhance its market position while contributing to the evolving landscape of the mining industry.
-5 vs industry average
29metals’s score of 18 is lower than 40% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Copper Mining is among the most carbon-intensive industries
Industry performance
The Copper Mining industry has reduced its overall emissions by 45% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
29metals's reported carbon emissions
29Metals, an Australian copper ore and concentrate producer, has established a long-term commitment to transitioning towards a net-zero emissions future by 2050. The company is actively engaged in minimising its contribution to global warming and mitigating climate change risks.
In terms of emissions, 29Metals reported Scope 1 and Scope 2 emissions for recent years:
- 2025: Approximately 227,029,540 kg CO2e (Scope 1: 130,545,500 kg CO2e; Scope 2: 96,484,040 kg CO2e).
- 2024: Approximately 192,968,080 kg CO2e (Scope 1: 96,484,040 kg CO2e; Scope 2: 96,484,040 kg CO2e).
- 2023: Approximately 130,545,500 kg CO2e (Scope 1: 34,061,460 kg CO2e; Scope 2: 96,484,040 kg CO2e).
- 2022: Approximately 52,403,000 kg CO2e (Scope 1: 15,996,000 kg CO2e; Scope 2: 36,407,000 kg CO2e).
- 2021: Approximately 50,680,000 kg CO2e (Scope 1: 14,169,000 kg CO2e; Scope 2: 36,511,000 kg CO2e).
- 2020: The total reported emissions were approximately 118,627,000 kg CO2e, comprising Scope 1 emissions of approximately 23,396,000 kg CO2e and Scope 2 emissions of approximately 95,231,000 kg CO2e.
While Scope 3 emissions data is not yet disclosed, the company notes missing data points for purchased goods and services. 29Metals also provides production emission factors, indicating an intensity of approximately 9,310 tonnes CO2e per kilotonne of ore mined for 2022 and 6,860 tonnes CO2e per kilotonne of ore mined for 2021. For 2020, the combined Scope 1 and 2 emissions intensity was approximately 65,650 kg CO2e per tonne.
The company's strategic focus on copper assets positions it to contribute to the transition to a net-zero emissions future. 29Metals is committed to a net-zero target by 2050, encompassing Scope 1 and Scope 2 emissions.
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29metals’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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29metals
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