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MINING INDABA 2012: Proposed South African chrome ore export tax gains support

February 08, 2012 - 12:50 GMT Location: Cape Town

KEYWORDS: South Africa , chrome ore , export tax , Xstrata , ANC , beneficiation , stainless steel

Ferro-chrome producers in South Africa are becoming increasingly convinced of the viability of a proposed export tax on chrome ore, with large producers engaging in renewed talks with the government intended to produce a working model.

The large integrated producers with chrome assets in the country have been lobbying the government on the issue for a while now. Notably, Xstrata is emerging as one of the strongest supporters of such a tax. The country’s ruling African National Congress party scheduled discussion of an export tax at the five-day meeting of its National Executive Committee that started on February 2, Metal Bulletin understands. Industry players suggested that...

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