World moves towards increased transparency, responsible technological innovation and shared prosperity
World is moving towards increased transparency, responsible technological innovation and shared prosperityThe world is undoubtedly different from that of the turn of the millennium. We have seen enormous advances in technology, and have made significant strides in infrastructure, health and education. On this journey, mining continues to play an essential role in enabling human progress.
We need to connect the future of mining with next-generation societal values. These are the values of increased transparency, responsible technological innovation, sustainability and shared prosperity, all of which are emergent in our world and are shaping a very different future society. Mining has a safer, smarter and more sustainable future — and that is the future we are working towards at Anglo American. This is a future in which we eliminate workplace fatalities once and for all, a future in which we radically improve our productivity and the way we use land, energy and water, and a future in which our communities thrive — with better health, education and increased levels of employment — long beyond the life of any mine.
Mining is the cornerstone of the energy transition, and we are already seeing this change. On PGMs alone, the Hydrogen Council predicts that 18% of energy demand by 2050 will be met by hydrogen. This shift has the potential of creating at least 4-million new jobs globally and contributing significantly to new and clean energy supply worldwide.
We support the government’s efforts to deal with the structural problems at Eskom. But more needs to be done. There is no better place to start than by drastically streamlining regulatory processes to enable the establishment of self-generated power that can supplement Eskom’s constrained capacity.
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