BUSINESS MAVERICK: Mining is crucial for life on Earth, says Anglo’s Cutifani — and he has a point

Anglo American CEO Mark Cutifani told the virtual Mining Indaba that without mining the planet could not support the human population. He has a point.

In the past, ESG sessions were held near the end of the Cape Town-based indaba, when many of the delegates who remained were nursing hangovers or looking forward to a trip to the winelands. More than one member of the panel remarked that it was a significant shift to have the session on the first day of an admittedly compressed indaba, which is down to two short days for its virtual 2021 version.

Solar panels are made from stuff that is mined. The batteries for electric vehicles depend on commodities that are mined, such as lithium. Then there’s the promise of hydrogen cells. PGMs are used as catalysts to cap harmful emissions. The PC that I am typing this story on is loaded with metals. So are cellphones. Indeed, I would be hard-pressed to find an appliance in my house that does not have some mined material in its make-up.

So, mining is vital in the modern world, and in that sense punches above its weight as measured by things such as GDP, employment, market capitalisation and dividend flows. But it does have a chequered past and present.

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