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About: The claim that ‘Growth in the mining sector output from US$3-4 billion six years ago to an annual output of US$14 billion’ is false. When the initial target of US$12 billion in the mining sector was set out in 2019, it was for export earnings. Under the US$12 billion mining roadmap, gold was expected to contribute US$4 billion, platinum US$3 billion while chrome, iron, steel diamonds and coal contribution was set at US$1 billion. Lithium was expected to contribute US$500 million while other minerals were targeted at US$1,5 billion. This has not been achieved. Instead, the government changed this target to include US$5,2 billion investment between 2018 and 2023; US$5,4 billion export earnings plus local consumption. So, no, the mining sector annual output has not reached $14 billion as claimed.     Permalink

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