South Africa's mining sector is inching painfully towards better times, progressing beyond the Mining Charter furore to other key areas such as climate change, energy sustainability and environmental, social and governance (ESG).
This was evident from last week’s Joburg Indaba on resources and mining in Africa, according to Marcin Wertz, partner and principal mining engineer at SRK Consulting.
“The tone was certainly optimistic,” said Wertz. “Concerns about the future of South Africa’s power generation capacity, however, did dampen proceedings considerably.”
He noted that an important source of the new-found confidence was the positive relationship that was now evident between government and the industry.
“The president and the minister of mines are both ex-mining industry unionists, and they understand the industry,” he said. That said, there was still concern at the relatively slow pace of government progress towards building confidence in the economy.
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