But if allowed to, business can play a key role in unblocking constraints.The scramble for green metals and minerals has begun as the world wakes up to the critical role of mining for the energy transition, but Anglo American says South Africa risks losing its head start as a key mining destination as corruption, energy, as well as logistics challenges reach"crisis point".
Africa's abundant mineral resources present a golden opportunity for these countries to take their supply of metals and minerals to an entirely new level and use that economic momentum as a catalyst to attract investment in clean energy, driving accelerated economic growth. "Just as the wheels of government turned at the last moment to liberalise the electricity generation sector, so they need to turn again to address the three scourges that are holding back progress. We would all rather that the wheels are turned before crisis point is reached, but we are already at that point."
The mining industry, and business, more broadly, can play an instrumental role in unlocking value and unblocking the constraints that hinder economic progress in South Africa and other countries like it, he said.
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Fonte: News24 - 🏆 4. / 80 Leggi di più »