The future of mining in South Africa

The mining industry in South Africa is undergoing a transformation as technology continues to play a significant role in reshaping the way operations are conducted. Pleasure Mnisi, from Exxaro's Business Optimization Unit, joined CNBC Africa to discuss how advancements in technology are revolutionizing the mining sector in the country. With approximately 8% of South Africa's GDP attributed to the mining industry, the focus is on enhancing productivity while ensuring the safety of workers in the sector. Mnisi highlighted that the mine of the future integrates the latest technology throughout its value chain. This includes utilizing digital tools for tasks ranging from automatic controls at the plant to remote decision-making processes. Through the application of drones, mining companies can accurately assess geological data, leading to more informed decisions regarding extraction processes. One of the key questions raised during the discussion was whether a technologically advanced mine would result in fewer job opportunities for humans. Mnisi addressed this concern by emphasizing that the industry is witnessing a demand for new skills, particularly in data analytics. By leveraging data effectively, mining companies can optimize various aspects of their operations, from product pricing to enhancing productivity. Moreover, Mnisi emphasized the importance of safety in mining operations. While the ultimate goal is to achieve zero harm, the implementation of smart technologies, such as smart tags and artificial intelligence, is enhancing safety measures within mines. These technologies provide real-time assistance and predictive capabilities to mitigate risks and ensure the well-being of workers. In addition, Exxaro is exploring innovative approaches to enhance productivity and efficiency in its operations. Mnisi mentioned the development of an online spot auction platform to streamline the pricing process and improve market accessibility for the company's coal products. By embracing disruptive technologies, mining companies like Exxaro aim to optimize their business strategies and remain competitive in the market. The future of mining in South Africa looks promising with the integration of technology paving the way for a more sustainable and efficient industry. As companies continue to embrace digital solutions and prioritize safety, the sector is poised for continued growth and development in the years to come.