South African mining industry needs to drive decarbonisation to remain competitive - Creamer Media's Mining Weekly

If the South African mining sector drives decarbonisation along the value chain and adapts to the global shift in mining commodity value pools, African Rainbow Minerals (ARM) CEO Michael Schmidt says, it can remain internationally competitive and promote socioeconomic development in South Africa by enabling green opportunities across sectors.

ARM is a diversified mining and minerals company with long-life, low unit cost operations within the iron-ore, manganese ore, platinum-group metals (PGMs), nickel and thermal coal commodities.

ARM also produces manganese alloys and has an investment in gold through its shareholding in gold miner Harmony.

Speaking on the occasion of the miner’s one-year operation anniversary of Rainbow Mining Support, in Westonaria, in Gauteng, on November 4, Schmidt stressed the importance of South Africa needing to decarbonise its economy in the next three decades and to transform it into a low-carbon, climate-resilient and innovative economy.

He noted that this transition would also need to take place in a manner that was “just and that simultaneously addresses inequality, poverty and unemployment to ensure that no one is left behind, and that our future economy is also socially resilient and inclusive”.

However, South Africa’s mining sector will still have key challenges to respond to as more countries and companies set ambitious decarbonisation targets, Schmidt warned, adding that as a significant shift in commodity value pools begins to...

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.