[Ferro-Alloys.com]Zimbabwe has exported 28 840 tonnes of chrome valued at $2 million since lifting the ban on the exportation of raw chrome in June 2015.

 

In his keynote address at the 77th Chamber of Mines Annual General Meeting and Conference in Victoria Falls last week, Mining and Mining Development Deputy Minister Fred Moyo said to date six smelting companies had been granted licences to export chrome ore.

 

“To date 28 840 tonnes have been exported at a value of $2 040 540. Under this framework local chrome smelting companies are allowed to export raw chrome based on installed capacities,” he said.

 

Deputy Minister Moyo said Apple Bridge Investments has since started facilitating chrome ore exports with shipments having commenced in November 2015 following the repeal of the 20 percent chrome non-beneficiation levy by Treasury.

 

In addition to lifting of the ban, Government also reviewed royalty fees for chrome ore to 5 percent from 2 percent while the export tax of 20 percent was removed.

 

Meanwhile, Government has started the process of establishing a computerised Mining Cadastre for the management of the entire mining industry throughout the value chain, that is from licensing, actual projects implementation and marketing including accounting of production by all mining and mineral entities.

 

A Cadastre is a parcel-based, and up-to-date land information system containing a record of interests in land (for example rights, restrictions and responsibilities). Its creation will secure a mineral rights system and record the geographical location, ownership and time validity of mining rights, and for compliance with the payment of fees and/or other requirements to keep a concession valid.

 

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