HomeBusiness DigestChrome export ban lift likely

Chrome export ban lift likely

The Chamber of Mines is optimistic government will speed up  lifting the ban on raw chromium exports and bring sanity to the chrome industry, which is operating below capacity.

Report by Fidelity Mhlanga

Chamber president Winston Chitando said he was positive the government would speed up launching a new export policy.

“Well, as you know, the chrome industry is not in the best shape.

Discussions are going on with the government   with regards to issues on the lifting of the (raw) chrome export ban. We are hoping that the law will be implemented sooner rather than later. We have talked to the minister and we are told that it is well,” said Chitando.

According to sources, the new policy, dubbed   the Mine and Minerals Chrome Export Control Regulation 2013, will define the type of chrome to be exported, how to apply   for the permit to export   and   specific documents required as well as destination of export.

Last year chrome production dwindled by 45,5%,   with cumulative production pegged at 408 475 tonnes against an initial annual target of 750 000 tonnes.

The decline in chrome output was attributed to the scaling down in mining and smelting operations to  40% by Zimasco, the country’s largest ferrochrome  producer.

Meanwhile, the Chamber of Mines will host its 74th annual general meeting in Nyanga next week which will run under the theme : “Where to from here: managing and developing the mineral wealth of Zimbabwe for tomorrow.”

The conference is expected  to create the necessary platforms for greater co-operation between private sector and state institutions. It will also discuss measures to position the country to lure the capital needed in the mining industry as well as  what needs to be done in the coming years to enhance mining’s contribution to economic development.

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