On 18 October 2022, experts from Webber Wentzel's Mining Sector Group hosted a client round up event to unpack how and why mining companies need to adapt to a greener economy and more stringent transformation targets.
Some of the key insights shared during the event were that mining companies need to be on the alert as the legal and regulatory framework in which they operate is constantly changing and evolving around issues such as decarbonisation, exploration, resettlement, and employment equity. These all fall into ESG-related considerations.
New policy documents and draft legislation relevant to the mining industry have been introduced, including initiatives to improve the process of resettlement and increase exploration investment, transitioning to a greener economy, and more stringent employment equity targets. Some proposals are controversial and will require the industry to give input to the government.
Watch the below recording of the round up event.