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Opportunity Issue 108

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 TECHNOLOGY<br />

Some of South Africa’s<br />

biggest mining companies<br />

have set ambitious targets<br />

to achieve net-zero carbon<br />

emissions by 2050<br />

Rudie Opperman of<br />

Axis Communications<br />

to global recommendations, such as those laid out by the G20’s<br />

Task Force on Climate-related Financial Disclosures (TCFD).<br />

An amendment was made to South Africa’s Electricity Regulation<br />

Act in October 2021 to raise the electricity generation licence<br />

exemption threshold from 1MW to 100MW. This amendment serves<br />

to enable more independent power producers (IPPs) to participate<br />

in the energy market without the need for a licence. In April 2022,<br />

the Department of Mineral Resources and Energy launched a<br />

bidding window for the Renewable Energy Independent Power<br />

Producer Procurement Programme. Onshore wind and solar power<br />

projects are also being developed across South Africa, and many<br />

mining companies are turning to them for electricity because of<br />

Eskom’s high tariffs and unreliability.<br />

The need for technological innovation<br />

Mining companies need to develop sustainable solutions to tackle<br />

the many challenges and opportunities that come with this shift<br />

towards greener energy and greater social and environmental<br />

responsibility. While national frameworks and policies help<br />

regulate mining activities, not all mines implement best practices<br />

to mine sustainably.<br />

In early 2021, Minerals Council South Africa published a report<br />

highlighting how the country’s mining industry was increasing<br />

its use of technological innovation to transform the sector.<br />

Investments in 4IR-enabled digital technologies are helping<br />

mining companies become more globally competitive, as well as<br />

improve the health and safety of their operations.<br />

South Africa has some of the deepest mines in the world<br />

and a historically poor safety record. And while mining<br />

fatalities in South Africa have reached record lows over the<br />

last decade, there was an 18% increase in 2020 in accidents<br />

related to falling rocks and transportation. Mining companies<br />

can use smart surveillance solutions in a variety of ways to<br />

ensure the safety of employees. Cameras equipped with deep<br />

learning-based analytics, for example, can monitor a variety of<br />

hazards and create proactive warnings.<br />

These cameras can detect when personnel are not wearing<br />

protective equipment or ensure areas of a mine don’t become<br />

dangerously overcrowded. They could also be used to monitor<br />

dust clouds, which can pose a significant health risk to the work<br />

environment and surrounding communities.<br />

An opportunity for transformation<br />

Surveillance technologies can improve the operational efficiency<br />

and physical security of mining operations and help mines<br />

monitor and mitigate risks to employees, the community and the<br />

environment. These technologies represent an opportunity for a<br />

real transformation of South Africa’s mining sector: companies that<br />

are pivoting towards more sustainable practices must leverage<br />

new technologies to their advantage. As South Africa’s mining<br />

sector gradually transitions from fossil-fuel dependency and with<br />

a renewed focus on social and environmental concerns, mining<br />

companies cannot afford to continue with outdated practices and<br />

limited technological innovation. The future of our economy – and<br />

our planet as a whole – depends on it.<br />

Top: Several mining companies are exploring renewable energy options. Exxaro has a renewable energy subsidiary, Cennergi. A mini-grid at<br />

Tshikondeni is shown here. Credit: Exxaro<br />

www.opportunityonline.co.za | 33

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