Question NW3164 to the Minister of Mineral Resources and Energy
26 October 2023 - NW3164
Msimang, Prof CT to ask the Minister of Mineral Resources and Energy
Whether any economic verification audits have been conducted on mines in the past three years; if not, why not; if so, what (a) total number of mines have undergone such economic verification audits and (b) were the outcomes in each case?
Reply:
No, the Department does not conduct economic verification audits at mines. However, Mine Economic inspections are being conducted which focuses on the evaluation of financial statements to ascertain the company’s overall performance. Statistical returns are also investigated for data relating to employment and earnings per month as well as operating costs and production and sales.