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Opportunity Issue 104

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

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MINING<br />

High-intensity mapping<br />

is attracting major<br />

investments to South Africa<br />

Council for Geoscience CEO, Mosa Mabuza, is upbeat about the country’s mining<br />

potential, based on new finds being unearthed by scientists.<br />

Mosa Mabusa, Council for Geoscience CEO<br />

After qualifying as a geologist from Wits University, Mosa held various positions<br />

at De Beers and Anglo American and worked in jurisdictions as varied as West<br />

Africa and Canada. From his appointment as the Director of Mineral Economics<br />

in the former Department of Minerals and Energy, he was promoted to Deputy<br />

Director-General of Mineral Policies and (Investment) Promotion in 2012. He has<br />

been CEO of CGS since 2017.<br />

What are some of the major goals of the Council for<br />

Geoscience?<br />

We have neglected geology in South Africa for the past<br />

four or five decades. Our predecessors did a fantastic job<br />

of conducting geoscience research but, for the past three,<br />

four, maybe five decades we have neglected this work in<br />

South Africa. The correlation between what our forebears<br />

did geologically and the major discoveries that were made,<br />

these things go hand-in-glove. Unfortunately, we have not<br />

built on their work. Previously, we were mining gold; we<br />

were excavating deeper and deeper. Merensky found the<br />

Bushveld Complex and we knew about the manganese<br />

fields and the iron-ore fields. Other than those traditional<br />

mines, the geology of South Africa remains untouched, in<br />

my view. Because we have not continued the excellent<br />

work of our forebears, a huge gap in exploration has been<br />

created. In fact, we seem not to have made any progress<br />

over the last two decades. We used to have 10% share of the<br />

global exploration expenditure budget annually. However,<br />

nowadays, we are sitting below 1%.<br />

The Minister has assured me that cabinet has expressed<br />

a renewed commitment to investing in the geosciences.<br />

Therefore, we have set ourselves the target of working<br />

towards achieving a minimum of 5% of the global<br />

exploration spend.<br />

What are some of the broader economic implications<br />

for exploration arising from surveys conducted by the<br />

Council for Geoscience?<br />

I imagine that one of the most important results is the<br />

amplification of the national mining industry’s contribution<br />

in supporting agriculture. Hopefully, we can lower the cost of<br />

fertilisers and make farmers more successful. Exploration must<br />

target the right minerals to support food security and health.<br />

What is the significance of the new mapping undertaken<br />

by the Council for Geoscience?<br />

Higher-intensity mapping provides much clearer and<br />

detailed information, enabling the exploration community<br />

to make informed investment decisions.<br />

26 | www.opportunityonline.co.za

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