SA’s mining industry 'nowhere close' to dealing with climate change

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While there is consensus that there is a need for mining companies to evolve to ensure they are futureproofed as businesses focus on sustainability amid risks brought on by climate change, industry experts and activists admit the sector is nowhere close to where it should be.

Thousands of delegates from across the world attended the Invest in Africa Mining Indaba this week in Cape Town where a variety of subjects centred on investing in the energy transition, economies, and environmental, social, and corporate governance.

However, albeit that South Africa has expressed an aching hunger for investment in the mining sector, the hurdles which prevent this from happening were also in the spotlight. Law firm, Webber Wentzel’s mining division was concerned that while Ramaphosa’s message to investors hit the right notes, there were also points where he fell short of what is required from South Africa at this juncture. The company said his endorsement of oil and gas exploration in Africa during his address does not correspond with the country’s commitment to helping address global warming.

 

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