Africa is home to a third of the world’s mineral resources, so the continent is inevitably centre stage in the energy transition that aims to lead to a lower carbon future. But how can mining move quickly and responsibly enough to meet the demand for the minerals critical to energy security? Three SRK Consulting experts weigh in.
The global energy transition has accelerated demand for minerals like cobalt, copper, lithium, manganese and platinum group metals, according to PwC, which argues traditional ‘mature’ mining territories cannot support the potential need for increased supply. This means that miners will need to move into newer mining territories, which tend to be viewed as riskier.
This certainly creates opportunities for many African countries, as mineral wealth continues to hold significant transformative potential. However, mining is not conducted in a vacuum, and the industry’s approach has moved beyond simply reducing its negative impacts — it is now embracing a responsibility to actively contribute to socio-economic prosperity in host countries and mining communities.
Read the full article on Mining Review Africa.
