The UK and South Africa have introduced they’re establishing a brand new partnership devoted to the accountable and sustainable exploration of minerals in South Africa to be used in clear vitality applied sciences.
The UK authorities introduced earlier this week that will probably be working with the Republic of South Africa to deepen colleaboration on a variety of minerals mining and vitality tasks, together with by means of common ministerial and technical dialogues between South Africa’s Division for Mineral Assets and Vitality (RSA) and the UK’s Division for Enterprise, Vitality and Industrial Technique (BEIS).
South Africa is a number one producer of raft of minerals which are utilized in clear applied sciences, together with platinum, palladium, and iridium, that are used for hydrogen manufacturing, in addition to vanadium and manganese, that are used for battery storage.
Demand for minerals utilized in clear applied sciences is about to soar in recent times, sparking issues over each safety of provide and the environmental affect of enormous scale extraction.
As such, beneath the brand new partnership the UK and South Africa have dedicated to working collectively to advertise the accountable exploration, growth, manufacturing, and processing of minerals in South Africa. By working collectively, the governments mentioned they can assist assist funding in mineral exploration and manufacturing that adheres to excessive environmental stamdards, whereas additionally increasing entry to minerals which are key for clear industrial and financial growth and the worldwide clear vitality transition.
They mentioned that selling the accountable extraction of minerals shall be central to the worldwide clear vitality transition, in addition to guaranteeing the sustainability of the mining trade and provide chains by means of financing, excessive environmental, social and governance requirements, well being and security, and by constructing a extremely expert workforce.
The nations mentioned they want to collaborate on a variety of fresh applied sciences, together with however not restricted to battery storage, gas cell applied sciences, vitality effectivity, and renewable vitality applied sciences.
“Working collectively we hope to establish mutually helpful tasks and associated initiatives,” they mentioned in a press release.
Moreover, they hope that the partnership may even promote the participation of personal sector firms into the sustainable mining trade and assist funding flows into the sector which might in flip create and develop new clear jobs.
Each nations mentioned they are going to encourage and assist partnerships between UK and South African firms throughout the worth chain for minerals and clear vitality to develop and strengthen enterprise hyperlinks to the advantage of each economies.
The announcement of the brand new partnership types a part of a wider up to date memorandum of understanding (MOU) between the Republic of South Africa and UK authorities, specializing in cooperation in science, know-how, analysis and innovation which was unveiled earlier this week.
The brand new memorandum replaces and updates the earlier settlement, titled the Memorandum of Understanding on Scientific cooperation, which the nations signed in 1995.
Within the new MOU, each nations said that they’re “dedicated to broadening the scope of Analysis and Innovation collaboration by means of the creation of a productive partnership for peaceable functions and mutual profit”.
The information follows the official state go to of South Africa’s President Cyril Ramaphosa who visited London for 2 days this week.
Prime Minister Rishi Sunak met with President Ramaphosa to debate the subsequent levels of partnership between the 2 nations, which additionally included the launch of the UK-South Africa Infrastructure Partnership, supporting South Africa’s financial development by means of main infrastructure developments, and providing elevated entry to UK firms to tasks value as much as £5.37bn over the subsequent three years.
Overseas Secretary James Cleverly welcomed the information of the go to and new MOU, highlighting the chance to collectively discover inexperienced innovation.
“This week’s State Go to, the primary beneath His Majesty The King, is a unbelievable alternative to have a good time our ties but additionally permits us to set off better development, create much more alternatives for British and South African companies alike, and additional promote South Africa’s transition to inexperienced vitality,” he mentioned.