Mineral revenues jump 63% as diamonds recover

Kebonang
Kebonang

The mining industry recorded an increase in mineral revenue by 63% in 2016 as compared to 2015 largely due to a rebound in diamond sales.

Mineral Resources, Green Technology and Energy Security minister, Sadique Kebonang said this when presenting his Committee of Supply speech to Parliament this week.

He noted that the mining industry experienced a global commodity price turndown over most of the first two quarters of 2016, mainly in the base metals and energy minerals.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

Have a Story? Send Us a tip
arrow up