Zim Now Writer
The Minerals marketing Corporation of Zimbabwe (MMCZ) has been put in charge of all chrome ore trading in the country as government moves to ensure domestic beneficiation.
Exports of raw chrome were banned in July last year with the latest move, which reverses the temporary policy that allowed ore exports, is in line with the beneficiation strategies of the National Development Strategy 1 (NDS1) which calls for value addition.
Zimbabwe’s chrome deposits, which are concentrated along the Great Dyke, are the second in the world after South Africa.
Chrome is a part of the sub-sectors expected to contribute critically towards the attainment of a US$12 billion mining industry by 2023 set by government.
The policy changes were announced by Information, Publicity and Broadcasting Services Monica Mutsvangwa during a post-Cabinet briefing in Harare on Tuesday.
“The MMCZ, through a Chrome Ores Coordination Committee, will set quarterly prices of chrome ore, which miners and traders will trade at,” she said.
She said the committee will comprise representatives of Smelters and the Chrome Small-Scale Miners Association.
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