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Print[Ferro-Alloys.com]Zimbabwe has banned the export of chrome as it looks to build an internal refinery capacity.
According to the US Geological Survey, the country, along with South Africa, holds about 90% of the world’s chromite reserves and resources, and the ban will affect exports to China and South Africa.
There are three large scale ferrochrome miners in Zimbabwe, including Zimbabwe Alloys and Zimasco, owned by China's Sinosteel. Zimbabwe already has three smelters that have the capacity to handle 1.5 million tonnes of chrome.
The Mines & Mining Development ministry in November 2009 allowed the export of chrome for another 18 months, a period which expired on April 27th 2011.
The contribution of mining to the revival of the economy has remained limited by the low level of beneficiation and value addition to the country's vast mineral resources.
There is, therefore, need to ensure that initiatives to increase beneficiation and value addition for all major minerals, including gold, platinum, nickel, copper, coal, coke and other various non ferrous ores and concentrates, should be undertaken for the benefit of the ordinary citizens.
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