Zimbabwe bans chrome ore exports to boost ferrochrome industry
Information, Publicity and Broadcasting Services Minister, Monica Mutsvangwa
HARARE (Reuters) – Zimbabwe has banned the export of raw chrome with immediate effect in a bid to support the domestic ferrochrome industry, minister of information Monica Mutsvangwa said on Tuesday.
The southern African country holds the second-largest known chrome ore reserves after South Africa, which in October last year announced it was imposing a chrome ore export tax to boost local ferrochrome producers.
Mutsvangwa told reporters after a cabinet meeting that Zimbabwe had 22 operating chrome smelters, which could soon face insufficient feedstock if chrome mining capacity did not increase.
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New dawn for Mhangura community beckons
Conrad Mupesa–Mashonaland West Bureau
MHANGURA which became moribund more than two decades ago after the mine closed down, could rise from its ashes and breathe new life after a Chinese company decided to invest in it.
A new deal penned by the Government and a Chinese investor, Zhi Jui Mining Resource (Pvt) Ltd to treat millions of tonnes of copper dumps from former mining giant Mhangura Copper Mines is certainly a game changer.
Commissioning of the project is scheduled for the next six months and once running, the project is expected to create direct employment to 300 people from the mining settlement while contributing US$34 million towards the $12 billion mining industry economy.