South African miners boost renewable energy use

South African mining firms are increasing investments in renewable energy to cut costs and reduce reliance on state utility Eskom. Companies like Anglo American and Sibanye Stillwater are partnering with independent power producers for wind and solar projects.

Xurve View
Insights:

South Africa mining companies are accelerating renewable energy investments to cut costs, reduce reliance on state utility Eskom, and meet decarbonisation targets. The shift marks a departure from decades of dependence on an ageing coal-dominated power grid. Coal still accounts for over 80% of South African power generation, with renewables making up only 10%.

Partnerships with Independent Producers

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.