SIMON WOLFE: Amid activism and nationalism, mining too is in campaign mode

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

South Africa Headlines News

While the sector is forging a new way forward, how to make it work is harder than it looks, writes Simon Wolfe

25 January 2022 - 16:56Environmental, social & governance issues were top of the agenda at the first Saudi Arabian. In a year defined by shareholder and environmental activism as well as rising resource nationalism, the extractives sector is trying to forge a new way forward in 2022. Working out how to make it work is harder than it looks, though.

As the majors sell off their assets the oil and gas juniors will be in line for a windfall, especially since a projected copper shortage will hamper the acceleration of the green transition. However, eventually the spotlight will turn on them to see how they wind up operations once the green energy revolution is truly under way.

obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals of the businessFor single-commodity economies, reducing the world’s reliance on oil and gas comes at a huge price. Not all are in a position to benefit from the transition to battery minerals. With no room to diversify, they risk pushing their nations’ development back into the last century, with significant social and economic consequences.

Many believe resource nationalism is a product of foreign exploitation, corruption or power-hungry regimes. But the truth, as always, is more nuanced. Some governments, such as the previous Zambian administration, seized assets to gain political support against a backdrop of public frustration with poor behaviour by foreign miners.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'We won't give up'- Lily Mine victims' families mark 1,000 days camping outside mine'We've got thousands of questions especially to our own democratic government because we cannot dwell that much on the private sector.' I'm here to show my appreciation to TarellaCampbel who took me out from zero to hero. I'm so glad to be among your winning team ma'am and I will always show my gratitude and work with you always.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Robben Island Museum knocks on Treasury’s doorExecutives paint a bleak picture of its financial state amid allegations of mismanagement As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of _AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of _AMBREYMARCUS1 .
Source: BDliveSA - 🏆 12. / 63 Read more »

‘We don’t want gold, only the bodies of our siblings’ – Families plead with Lily Mine owners | CitypressYvonne Mnisi and Solomon Nyirenda – were buried underground as the container office they were working in plunged deep into the earth. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of _AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of _AMBREYMARCUS1 . I just want to thank you KATHERINE_4174 for being there for me Madam. Lately, i saw that my profit has been credited back to my wallet account. I was curious and it's also exciting.. You are the true Madam🙏🙏🙏!!! As tragic as the situation is, what is the point of other people risking their lives to retrieve the remains of people longdead?
Source: City_Press - 🏆 7. / 72 Read more »

Africa Cup of Nations Last 16 wrapGambia's fairytale Africa Cup of Nations campaign continued after booking a spot in the quarter-finals with a 1-0 win over Guinea on Monday night. SLInt MORE: I'm quite skeptical, I'm no longer putting my money on the host nation to win the AFCON. Tactically Comoros exposed them to every department.
Source: Soccer_Laduma - 🏆 22. / 63 Read more »

Families of trapped Lily Mine workers mark 1,000 days of waiting for helpPretty Nkambule, Solomon Nyirenda, and Yvonne Mnisi were trapped underground in Barberton five years ago. I'm here to show my appreciation to TarellaCampbel who took me out from zero to hero. I'm so glad to be among your winning team ma'am and I will always show my gratitude and work with you always. There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about GregsonLillian has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done. Very sad, their families will never find closure 😭
Source: eNCA - 🏆 49. / 51 Read more »

Still no bodies found in Lily Mine tragedyThe families of the trapped Lily Mine workers, are dismayed by the government's failure to help them recover the remains of their loved ones. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of _AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of _AMBREYMARCUS1 . Recover what. They are buried proper and resting nicely. What's the point of digging them up If its too dangerous the families need to accept that and not put others in danger to try and recover the office.
Source: eNCA - 🏆 49. / 51 Read more »