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.