Major: Mining needs energy

Africa, known as the most energy deficient continent, is facing a major crisis that is impacting its ability to contribute critical minerals to the global economy. Peter Major, the Director at Mining Modern Corporate Solutions, discussed the long-term minerals output crisis with CNBC Africa's Fifi Peters. The continent is grappling with energy scarcity and power-cuts, hindering its potential for growth and development. Major emphasized the need to free up the regulatory shackles that are impeding progress in the mining sector. He advocated for a more streamlined approach to legislation, aiming to simplify processes and encourage investment in the energy sector. Major pointed out the importance of empowering entities like ESCOM to make independent decisions in purchasing supplies, ultimately leading to more reliable electricity. Despite the challenges, there is hope for Africa to capitalize on its mineral resources by implementing favorable policies and legislation that support growth and development. The continent's participation in the global commodity cycle is crucial, and with the right strategies in place, Africa can benefit from the ongoing commodity rally. It's never too late to correct past mistakes and create a conducive environment for the mining industry to thrive.