Mineral revenues jump 63% as diamonds recover

Friday, March 17, 2017

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.

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Mineral revenues jump 63% as diamonds recover

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.