Integral to investment attraction the Council for Geosciences mapping programme

Integral to investment attraction the council for

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Integral to investment attraction, the Council for Geosciences’ mapping programme is critical to identify and affirm new mineralisation systems that are consistent with the new demand trajectory of mineral resources, such as battery minerals. The programme aims to secure a minimum of 5% of the global exploration budget within the next three to five years. In 2018/2019, non-ferrous metals and minerals production grew by 9,4%. I am highlighting this point because despite the decline in mining production the smaller mineral groups continue to grow. It is your gold that is in decline because it had been mined for more than 130 years, it is platinum and iron ore. But if you go to these minerals that assist to move towards cleaner energy options, and the sector must position itself to take advantage of this opportunity presented. The employment numbers that were released earlier today give early signs that are positive, in the sense that jobs numbers have increased by 22
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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 349 000 in terms of official statistics released today. Of those, 6 000 are in mining. Most importantly, we must urgently address the reliability of electricity supply to support our growth ambitions. Our key priorities on energy are the following. Firstly, on top of the list is ensuring energy security of supply through long- term planning. That is why the amount of money that the president committed to revive Eskom is so important because if we can’t ensure that security of supply of energy, the economy is going to pay a big price. Secondly, it is lowering the cost of energy. Thirdly, it is the development of new energy delivery models. Energy storage technology will make renewable energy coupled with storage, a viable option going into the future. This will replace the traditional power stations. However, what is important is to ensure that we must never destroy what we have because we dream of having something new into the future. That is why it is important that a balanced approach to our energy supply is important.
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UNREVISED HANSARD JOINT SITTING TUESDAY, 25 JUNE 2019 Page: 350 Working towards the country’s energy mix options, we must move away from the polarized views because our energy debate should not be renewables versus coal. It is the availability of various options to supply energy and ensure that there is security of energy supply in the country. The best way is to find the best balance for our requirements to grow the economy and guarantee development by ensuring security of energy supply along with obligations to address climate change considerations. The Integrated Resource Plan 2019 will outline our primary energy requirements in respect of coal, nuclear, gas and other energy minerals, plus solar, wind, biomass and regional hydropower resources. To ensure investment in the required energy infrastructure, including power plants, refineries, pipelines, transmission and distribution wires, storage facilities for oil and gas, we must ascertain that all the
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  • Fall '08
  • Finklerberg

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