Zimbabwe lifts chrome export ban, lowers royalties
Published: Friday, 12 June 2015
The country would like to stimulate mining activity by reversing a decision to ban chrome exports and lowered royalties on the material. Zimbabwe’s government hope that the decision will enable chrome producers to mobilise financial resources to invest in modern technology in smelting, as well as address the plight of small-scale manufacturers.
Zimbabwe’s government has
lifted the ban on chrome ore exports after a four-year hiatus
failed to ignite local processing.
The move was part of a raft of reforms targeted at boosting
mineral revenue inflows. The government also scrapped a tax on
the export of chrome ore (chromite) and lowered power