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Mantashe Highlights Investment in Mining Exploration

October 23, 2020

Department of Mineral Resources and Energy

Government is focused to renew investment in mining exploration.

The mineral resources and energy minister, Gwede Mantashe, emphasised this in an address to the joint sitting of parliament on the debate to the Economic Reconstruction and Recovery Plan.

The minister described exploration in mining as the lifeblood of the industry.

“The mining sector is actively engaged to facilitate renewed investment through a policy framework that provides certainty, investment protection and transformation,” he said.

The minister also pointed out that the mineral resources and energy department is also “giving effect to our commitment to reduce timeframes for mining and prospecting licences”.

According to the minister, the formalising of artisanal mining is being speeded up thus creating an avenue to mine sterilised deposits.

The minister also highlighted that the department has heeded the call of the president by fully implementing the Integrated Resource Plan, IRP 2019.
The department plans to deliver a total of sixteen thousand three hundred and thirteen megawatts (16 313 MW), from a mix of energy sources.

Highlights include the procurement of two thousand megawatts (2000 MW) of emergency power to meet the short-term electricity supply gap; procurement of eleven thousand eight hundred and thirteen megawatts (11 813 MW) from various energy sources and the issuing of the Request for Information (RFI) for two thousand five hundred megawatts (2 500 MW) for the nuclear build programme.

The minister added that Request for Proposals will be issued in December 2020 to enable the opening of various bid windows, including Bid Window 5 of renewable energy.

As regards natural gas, the minister declared that investment in infrastructure to import Liquefied Natural Gas is critical.