SAR’s population is expected to grow by 6 million by 203062 and increase 1.3-fold by 2050. With unemployment at 10-20%, developing local mineral value chains could contribute to job creation.63 Although expatriate expertise can provide short- term support, long-term success depends on investing in local talent through targeted training and capacity building.2.7 Human capital development CASE STUDY 7 Mandela Mining Precinct64 The Mandela Mining Precinct (MMP) is a public-private partnership, launched in 2018, between the Department of Science, Technology and Innovation (DSTI) and the Minerals Council South Africa. The MMP is co-hosted by the Council of Scientific and Industrial Research (CSIR) on behalf of the DSTI and by the Minerals Council on behalf of the mining industry. The MMP aims to develop technologies that improve mine safety, productivity and lifespan, while revitalizing mining research and development (R&D) and supporting skills development. The MMP aims to develop technological solutions that will increase mine safety, productivity and lifespan while reducing costs. It also seeks to revitalize the Mining Research, Development and Innovation (RD&I) capability in the country; and support skills development in the mining sector. MMP focuses on modernization of mining operations, extension of the life of current mines, safety improvement, and, through their relationship with the Mining Manufacturers of South Africa (MEMSA), support the promotion of local manufacturing capabilities. Impact of Mandela Mining Precinct –Technologies like real-time monitoring and collision prevention systems have extended the life of ageing mines and reduced safety incidents. –Partnerships with academic institutions have cut reliance on imports and helped train a new generation of mining professionals. Securing Minerals for the Energy Transition: Finance for Southern Africa 24

Securing Minerals for the Energy Transition 2025