{"id":223972,"date":"2022-05-09T14:26:16","date_gmt":"2022-05-09T12:26:16","guid":{"rendered":"https:\/\/www.myza.co.za\/new-mining-investment-opportunities-for-africa\/"},"modified":"2022-05-09T14:26:16","modified_gmt":"2022-05-09T12:26:16","slug":"new-mining-investment-opportunities-for-africa","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/new-mining-investment-opportunities-for-africa\/","title":{"rendered":"New mining investment opportunities for Africa"},"content":{"rendered":"
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Mineral Resources and Energy Minister, Gwede Mantashe, says the just transition into a low-carbon future will present new investment opportunities for the African continent.<\/p>\n

Mantashe said this when he delivered a welcoming address at the Investing in African Mining Indaba at the Cape Town Convention Centre on Monday.<\/p>\n

\u201c<\/strong>The Just Transition to a low-carbon future will require \u2018green metals\u2019, which Africa has in abundance of untapped resources such as lithium, copper, cobalt, nickel, and zinc.<\/p>\n

\u201cThere is no doubt that the transition will drive demand for these minerals,\u201d he said.<\/p>\n

Mantashe said the Democratic Republic of Congo and Zambia demonstrated this fact as they are both among the largest producers of copper and cobalt in the world.<\/p>\n

The DRC accounts for about 70% of global cobalt output and half of the world reserves.   <\/p>\n

\u201cIn addition, global targets to reduce greenhouse gas emissions entail transitioning away from pollution-emitting combustion engines to greener alternatives that utilise electric or hydrogen fuel cell technologies.<\/p>\n

\u201cThe catalytic convertors that vehicle manufacturers use to reduce or neutralise harmful pollutants from exhaust emissions require PGMs [Platinum Group Metals].\u201d <\/p>\n

Mantashe said South Africa accounts for the largest percentage of the world\u2019s Platinum Group Metal reserves, with Zimbabwe ranked third.<\/p>\n

He said this would ensure that both countries play a crucial role in the world’s emerging energy transition.<\/p>\n

\u201cMinerals of the future that Africa has in abundance hold great potential for the continent.<\/p>\n

\u201cThese minerals can be used in the development of the hydrogen economy. An exciting and significant story for our future to tell at this Indaba is that, on Friday, 6 May 2022, we unveiled a prototype of the world\u2019s largest hydrogen-powered mine haul truck \u2013 nuGen \u2013 at the Anglo American Mogalakwena PGM mine in Limpopo.<\/p>\n

\u201cThis is one of the first projects of South Africa\u2019s Hydrogen Valley \u2013 an industrial cluster that brings various hydrogen applications to form an integrated hydrogen ecosystem.<\/p>\n

\u201cThe launch of the hydrogen-powered mine haul truck is indeed a source of pride for the mining industry in the African continent,\u201d he said.<\/p>\n

Exploration to protect Africa from rising energy prices<\/strong><\/p>\n

Mantashe said this year’s mining indaba takes place against a backdrop of high energy prices, which pose a significant inflationary risk to the poor and emerging markets.<\/p>\n

\u201cWithout any doubt, increased energy prices continue to be of great concern for our governments and investors alike.<\/p>\n

\u201cThe African continent needs to build resilience against energy supply shocks through the exploration and development of our indigenous energy sources,\u201d he said.  <\/p>\n

Africa is open for business<\/strong> <\/strong><\/p>\n

Mantashe said, meanwhile, that delegates attending the Mining Indaba, which attracts thousands of mining experts, investors, regulators and governments, must <\/strong>discuss how the continent can beneficiate its natural resources for the benefit of the current and future generations. <\/p>\n

\u201cBeneficiation will mean we are fully taking ownership of the value chain of our minerals across the spheres of upstream, midstream, and downstream mining economic activities, instead of exporting these to other countries. It is therefore critical that we address the issue of electricity pricing. <\/p>\n

\u201cWe must ensure that electricity is affordable to the end user for beneficiation to happen in our continent.\u201d<\/p>\n

The indaba will convene over four days. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Mineral Resources and Energy Minister, Gwede Mantashe, says the just transition into a low-carbon future will present new investment opportunities for the African continent. Mantashe said this when he delivered a welcoming address at the Investing in African Mining Indaba at the Cape Town Convention Centre on Monday. \u201cThe Just Transition to a low-carbon future […]<\/p>\n","protected":false},"author":1,"featured_media":223975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-223972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/05\/new-mining-investment-opportunities-for-africa.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/223972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=223972"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/223972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/223975"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=223972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=223972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=223972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}