Mining business confidence wanes

DESPITE recording subdued capital spending prospects and reporting a decline in the mining business confidence index, the sector is optimistic of better prospects in 2023.
According to the State of the Mining Industry report released this week, key risks to the outlook for 2023 identified by mining executives include fragile power supply, high-cost structure, foreign currency shortfalls, unstable tax framework and capital shortages.

“Notwithstanding the slowdown in confidence, mining executives are somewhat positive about the prospects for 2023,” researcher and economist Albert Makochekanwa said during the report