- Write by:
-
Thursday, October 22, 2020 - 2:00:56 PM
-
931 Visit
-
Print
Mining News Pro - South Africa, the world`s biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a Cabinet statement on Thursday.
"The interventions include the proposed introduction of the export tax on chrome ore, the usage of energy efficiency technologies on smelters, and the adoption of cogeneration and self-generation technologies," said Minister in the Presidency Jackson Mthembu, reading the statement.
He did not disclose details of the export tax.
Chrome ore is a key ingredient in stainless steel, an essential material for the automobile industry. South Africa last year supplied 12.5-million tonnes of chrome ore to China - 83% of China’s total chrome imports.
Companies mining and processing chrome in South Africa include Glencore, Merafe Resources, Samancor Chrome, Tharisa, and Jubilee Metals.
Short Link:
https://www.miningnews.ir/En/News/606477
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them ...
Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing ...
Aluminum prices touched an 11-week high on Monday over concerns over slow recovery in production in China’s Yunnan ...
China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a ...
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top ...
The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the ...
Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some ...
No comments have been posted yet ...