Gamsberg, the world’s largest undeveloped zinc resource, is located in the Northern Cape just outside of Pofadder. Picture: SUPPLIED
Sharing the stage with the president, Vedanta Resources Group chair and acclaimed mining entrepreneur and philanthropist, Anil Agarwal, promised this was just the beginning, with much more to come. He emphasised his commitment to and excitement about investment in SA’s mining sector.
The mining industry worldwide has faced growing socioeconomic, environmental and political challenges over the past two decades. In SA this sector has experienced further policy uncertainties and administrative as well as logistical complexities in recent years. So much so that some commentators have declared that the industry is facing an existential sunset.
Doing things differently and collaboratively needs to be the hallmark of the country’s new approach to turning the mining sector into a sunrise industry. In this context, the establishment of the Gamsberg zinc complex is a welcome development. Key to success in this regard is a value-driven business strategy based on profitability balanced with the welfare of the workforce, optimal use of technology, care of the mining communities and genuine custodianship of the environment.
In the context of the mineral complex, one aspect that stands out loud and clear is this: we cannot continue to mine and export ore and other raw materials for processing elsewhere as this severely limits the benefits we can derive from the exploitation of the nation’s resources. In addition, there are environmental concerns that are increasingly receiving serious attention. Shipping millions of tons of raw materials across the oceans entails massive environmental damage.
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