South African Minister Promotes Coal Use Amid Divestment Pressures
What happened
Gwede Mantashe promoted the use of coal in the mining industry during an address, linking the commodity's viability to transformation and Black ownership in the sector. Mantashe cited Exxaro as an example of a company that is 31.47% Black empowered, while Thungela is 67.55% Black owned.
From dailymaverick.co.za
Why it matters
The Minister's advocacy for coal, tied to policy goals of transformation, provides a view on the green energy transition in South Africa. This stance contrasts with environmental concerns and investor pressure to divest from fossil fuels.
From dailymaverick.co.za
Who's involved
- Gwede MantasheMinister of Mineral and Petroleum Resources for South Africa
- ExxaroSouth African mining company cited as an example of Black empowerment
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- South AfricaSpeculative
South Africa's national energy policy landscape might shift due to the promotion of coal.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- South Africa's energy policy faces conflict over coal and divestmentSouth Africa faces policy conflict as coal promotion clashes with global divestment trendsPossible
- Exxaro's coal future caught between government support and investor pressureExxaro faces mixed signals from government support and global divestment pressurePossible
- Conflicting coal policies may increase risk for JSE-listed mining assetsConflicting coal policies may increase risk for JSE-listed mining assets.Possible