Gwede Mantashe, the Minister of Mineral Resources and Energy in South Africa, delivered the closing speech at the Joburg Indaba, an annual mining conference held in Johannesburg, also known as the City of Gold. The conference attracts industry professionals, investors, and government officials to discuss various aspects of the mining sector, including trends, challenges, and opportunities. During his keynote address, Mantashe addressed the current state of oil and gas extraction, highlighting the government's commitment to promoting sustainable development and exploring innovative solutions to meet the country's growing energy demand.
1. Gwede Mantashe emphasized the importance of balancing economic growth with sustainable practices in the field of oil and gas extraction.
2. Mantashe highlighted the need for responsible mining practices that take into account environmental concerns and prioritize the well-being of local communities.
3. The government is committed to creating a conducive environment for the mining sector to thrive while addressing social and environmental challenges.
4. Mantashe stressed the government's commitment to promoting sustainable development and exploring innovative solutions to meet the country's growing energy demand.
5. The Joburg Indaba, an annual mining conference held in Johannesburg, attracts industry professionals, investors, and government officials to discuss various aspects of the mining sector.
South Africa's oil production has declined steadily over the past decade, dropping from 1.6 million barrels per day in 2009 to 550,000 barrels per day in 2019.
respected figure in the mining industry, emphasized the importance of balancing economic growth with sustainable practices in the field of oil and gas extraction. He highlighted the need for responsible mining practices that take into account environmental concerns and prioritize the well-being of local communities. Mantashe stressed the government's commitment to creating a conducive environment for the mining sector to thrive, while simultaneously ensuring that the industry plays a positive role in addressing social and environmental challenges.