Communities starved of mining royalties amid lack of transparency
Miners have no way of knowing where billions paid to government and community entities went
12 July 2020 - 17:58
International mining companies operating in SA are obligated to pay billions of dollars in royalty payments to the government and community entities, but they have no way of knowing where and how the money is spent.
A #MineAlert investigation shows that in the 2018 financial year 10 publicly listed British companies reported paying out at least $1.076bn (about R18.05bn) to government entities between July 2017 and December 2018...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.