Arch Resources, Inc. has joined ResponsibleSteelTM, the steel industry's first global not-for-profit multi-stakeholder standard and certification initiative. Arch is the first and only US metallurgical coal producer to join the organisation to date.
“Arch is committed to playing a vital role in building a sustainable global economy,” said Paul A. Lang, Arch's CEO. “We view ResponsibleSteel as a valuable forum for collaborating with our steelmaking partners as they endeavour to create a more ESG-compliant value chain, and as they seek to lower – and ultimately reduce to zero – the carbon intensity of the steelmaking process.”
Anne-Claire Howard, CEO of ResponsibleSteel, added: "We are very happy to see Arch Resources join ResponsibleSteel. The role of metallurgical coal in the steelmaking process is considerable today, with 70% of steel being produced using it as an input material. We believe that working jointly with organisations directly involved in the production of metallurgical coal and other steelmaking inputs is essential in facilitating a responsible steel supply chain. Even as we strive to support an accelerated transition to net-zero steelmaking, we want to ensure that all inputs in the steelmaking process are being produced by responsible mining companies who take their environment, social, and governance impacts seriously. We look forward to Arch Resources' input into our processes, and to collaborating to achieve our common goal of maximising steel's contribution to a sustainable society.”
Arch believes that a significant amount of new steel will be required in a de-carbonising world, given steel's importance in urbanisation, infrastructure replacement, and the construction of essential de-carbonisation tools such as mass transit systems, wind turbines, and electric vehicles. At the same time, Arch believes that its own high-quality metallurgical products can assist steel producers in achieving incremental reductions in the overall carbon intensity of their manufacturing processes. Metallurgical coal – in combination with iron ore – is an essential input in the production of primary steel.
Read the article online at: https://www.worldcoal.com/coal/14052021/arch-resources-joins-responsiblesteel/