Tuesday, 24th May 2005 (2949 views)

Latest figures have revealed that gold was rated the second best foreign revenue earner last year.

According to the April Minerals Bureau Bulletin, total sales and export sales last year were up by 24.7 per cent and total mineral sales revenue increased by 6.3 per cent.

During 2004, gold made up 32.5 per cent of mineral export sales with local sales income improvements one of the factors thought to have helped results, Mining Weekly reports.

In addition, rising copper prices are thought to have had an effect on sector performance.

Gold's performance fell just behind pgms, but came ahead of coal, which made up 16 per cent of mineral export sales.

 

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