Department of Mineral Resources and Energy
The mineral resources and energy department continues to work with all mining industry stakeholders to promote investment through a conducive policy and regulatory framework.
The mineral resources and energy minister, Gwede Mantashe, emphasized this in an address at the 4th edition of the annual PGMs Industry Day.
The minister added that this includes efforts to reduce current timeframes for mining, prospecting, water and environmental licenses.
“Our goal is to increase the country’s share of the global exploration expenditure to at least 3% within the next five years,” he said.
Referring to a new competitive exploration strategy, the minister highlighted that the strategy will be the country’s exploration blueprint to attract investment and increase the contribution of mining to GDP.
“This will be done by identifying barriers that inhibit exploration in South Africa and recommend a set of appropriate interventions to achieve a respectable minimum share of exploration budget from the total global expenditure,” he said.
The minister also declared that government remains strongly committed to the Hydrogen South Africa strategy’s “ultimate goal to eventually supply 25 percent of global platinum group metal-based catalyst demand for the hydrogen and fuel cell industry based on local technologies”.
The minister pointed out that Platinum Valley will identify concrete project opportunities to kick-start hydrogen cell manufacturing in promising hubs.
“We are positive that this will create an opportunity to build a local skills base and lead the country into a new era of energy generation and demand for the platinum group metals,” he said.
Meanwhile, the department has published statements on Independent Power Producer (IPP) Renewables Registration and Independent Power Producer Procurement Programme Bid Window 5.