- Building a “Hydrogen Valley”
Modernising the mining industry should take place in the context of broader economic challenges such as the transition in the energy and mobility sectors and platinum could play an important role in this transition. Key aspects of a future sustainable economy could very well be built around hydrogen which will rely on platinum. Given South Africa’s extensive deposits of platinum, stakeholders identified the opportunity to create a “Platinum Valley” akin to the “Silicon Valley” that could drive economic development in South Africa and beyond. There was a great deal of enthusiasm in the discussion for the possibilities of a concerted effort by government and business to have South Africa be a global leader in the hydrogen economy. Business would support and benefit from the establishment of such a new sector and the economic growth that it will ignite.
- Towards a new collaborative compact
The group agreed that the Fourth Industrial Revolution and all that it demands is not something that we are in control of, but rather a force that we must respond to. In order to effectively and proactively respond, there is a need in South Africa for greater collaboration. It would also be key to align these collaborative efforts to existing conversations such as the Presidential Commission on the Fourth Industrial Revolution. It was suggested that a platform be created that would allow for more coordinated collaboration. The group recognised the role that universities and scientific institutions could play in convening all necessary stakeholders, including business, government, civil society, academia, and religious and faith-based organisations. A need was expressed for purposeful organisations focused on the long-term, including “patient capital” are critical ingredients to achieve prosperity and sustainable development in South Africa.
Moving forward
At Anglo American, we are inspired by this discussion and the input from influential thought leaders that were gathered around the table and we are committed to deliberate action to promote greater collaboration. Flowing from this discussion, Anglo American intends to continue the conversation by:
- Assessing the current state of play in terms of existing dialogues, forums, and collaborations to see how Anglo American can contribute to forging unity, cohesiveness, and impact across business, labour, government and civil society
- Exploring how to elevate and strengthen existing dialogue in ways to make it more effective. For example, conducting a gap analysis to determine needs and requirements for successful collaboration
- Contributing to the dialogue around the future of work in South Africa in the context of challenges set by climate change, the Fourth Industrial Revolution and delivering sustainable economic growth
Anglo American acknowledges the opportunities for greater collaboration with academia and other stakeholders and is committed to contributing to building dialogue and seeking sustainable solutions.
