Mineral revenues drop 32% to P5bn

The drop comes even though production across the country’s mines was uniformly higher in the first half of the year, pointing to weaknesses in pricing across the board.

At the recent Budget Pitso, the Finance Ministry said it expects mineral revenues to end the 2018-2019 financial year at P20.3 billion, from the original forecast of P24.6 billion. The difference, the Ministry said, would be due largely to government’s commitments to Debswana.