SA’s share in global exploration spending has fallen below 1%, despite the country’s rich endowment of mineral resources
Mineral resources & energy minister Gwede Mantashe. Picture: GCIS
In December, the Makhanda high court granted an urgent interdict halting further seismic exploration for oil by Shell on the Eastern Cape’s Wild Coast that had been sought by a coalition of Wild Coast communities. Australian Geoscience data company Searcher now faces a similar legal challenge from communities in the Western Cape seeking to interdict its proposed seismic survey in the area.
One of the arguments used to oppose further exploration was that mining was a “sunset industry” for SA, said Ntokozo Ngcwabe, the department of mineral resources & energy’s deputy director-general for mining, minerals and energy policy. But, she said, this argument was based on the decline of gold mining and ignored the fact that SA had more than 53 mineral commodities.
In November, President Cyril Ramaphosa announced a partnership between SA and the governments of France, Germany, the UK and the US, as well as the EU, valued at R130bn, to support SA’s “just transition to a low-carbon economy”.
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