According to the Minerals Council of South Africa, there is a shift in sectors contributing to the country’s economy being less carbon intensive. The mining and manufacturing industries are making way for financial services and retail. Considering the critical role mining plays in South Africa’s economy, extensively limiting mining’s impact on the environment’s sustainability is becoming more necessary. This shift and its influence on mining businesses’ profits formed the basis of a webinar hosted by Michelin South Africa, the leading mobility company.
The shift has led to the Carbon Tax Act 15 of 2019, a law aiming to reduce national greenhouse gas emissions and mitigating the socio-economic impact of the imposed tax on companies by providing tax breaks.
Hein Venter, Global Account Manager for the Mining Business Line and one of the speakers at the webinar spoke on the changes in the shareholder landscape that necessitate a shift in the industry. According to him, this shift is largely based on matters to do with ensuring everyone’s safety, driving sustainability, and monitoring for better productivity.
He adds, “It starts with insights that can be turned into actionable change, striving for goals in the sustainability category does not necessarily come at the expense of productivity. Availability of data arms role players with the kind of insights that enable them to improve productivity and impact the bottom line, while also managing operations within regulations and sustainable practices.”
Whilst economic growth is important, a less common conversation around mining is one centered on the importance of the industry to sustainability. The global revolution of electronic vehicles, mobile telephony, and the renewable energy value chain and water supply is not possible without the mining sector.
Another speaker, Fabien Taillardat, Mining Sales Director for Africa, India and the Middle East (AIM) touched on where the world is right now and on the macro-economic influences that are driving sustainability in general, and what that means for the mining sector.
“Our mining services and solutions at Michelin enables a business to find the right data sets, monitor them and make informed decisions to benefit and bring value to the business. Using technology is also an important enabler to operating across Africa because it easily allows a team of experts to assess data and make recommendations remotely at a great distance, especially in recent times with the travel restrictions,” Taillardat stated.
Michelin, the leading mobility company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tires, services and solutions for its clients’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries.