📈SA’s mining sector delivered a sterling performance in the past year, despite local and global challenges - Report mininginsa
Global constraints in supply of these commodities will mean increased prices and a need for investment in supply.During a press briefing, Andries Rossouw, PwC’s Africa Energy, Utilities and Resources Leader, said: “In South Africa, we stand to benefit from the demand growth, but whether South Africa and other resource-rich countries will benefit to the full extent – that will depend on their ability to address bottlenecks in supply and mine-to-market infrastructure.
“Realising the full potential benefit of our resources and creating long-term sustainable outcomes will depend on our ability to mine cost competitively and to integrate various value chains profitably.”emitted in South Africa annually, the mining sector is a major contributor to these emissions albeit almost negligible in the global context.
Rossouw said that addressing these dual challenges will require the mining sector to make major investments into alternative and renewable energy sources and energy planning.“The global energy transition won’t be smooth, as was reflected in the record coal prices experienced for the year. As a coal export producer, it is essential that South Africa maximise the value obtained from its coal, through supporting global energy supply stability in these times of energy volatility,” he said.
Sizwe Masondo, PwC South Africa Energy, Utilities and Resources Assurance Leader, said: “After dropping by 11% in 2020 due to the adverse impacts of the global Covid-19 pandemic and associated lockdowns, local mining production increased by 12% in 2021.
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