Tilt towards renewable energy boon for miners

Business Day Live 5 November 2012.

THE mining sector in South Africa stands to benefit from the global move towards renewable energy because the country produces a number of the minerals on which that industry relies, documents released on Friday by the International Council of Mining and Metals suggest.

The International Energy Agency predicted this year that global power generation from hydropower, solar, wind and other renewable sources is to increase by more than 40% to almost 6,400 terawatt hours — roughly one-and-a-half times the current US electricity production — over the next five years.

“The trend of mine production moving to the emerging economies will continue … African production will grow. The region accounts for 10% of today’s production and 15% of investments signalled by the project pipeline,” the council said in a series of discussion documents on mining and sustainability…

(Editor’s note: Silicon not silicone, of course!)

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