The Minerals Council of South Africa has reported a decline in total mineral sales to R792 billion in 2023 down from R883 billion in 2022.
The Council notes that transformation in the mining industry over the past thirty years has yielded substantial black-owned and managed companies. The Minerals Council notes the mining industry has seen job losses of around 130 000 in the last 30 years. It also revealed that mineral exports fell by R100 billion in 2023 compared to 2022. It further notes that mineral royalties paid by mining companies also dropped from 25-billion-rand in 2022 to 14-billion-rand in 2023.
Source: News Formal (newsformal.com)
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