Zim chrome miners relinquish some licences to State
Mining companies, including Sinosteel-owned Zimasco, have ceded chrome mining licences to Zimbabwe’s State-owned Apple Bridge Investments, which buys chrome ore for export, Mines Minister Walter Chidakwa said.
The mining licences, known as claims, have been allocated to small-scale miners who dig the mineral on Zimbabwe’s Great Dyke mountain range. Apple Bridge, formed by government in August with a $100-million loan, buys exclusively from those producers.
Small-scale miners in Zimbabwe, known as tributors, traditionally sell chrome ore to Zimasco and Zimbabwe Alloys, the two biggest chrome miners in the country, that, in turn, smelt the mineral into ferrochrome for export. A fall in prices led both Zimbabwe Alloys and Zimasco to cut smelting operations, leaving many tributors unpaid. Apple Bridge was formed by government to salvage the chrome mining operations.
“In the past two weeks, the selling price of chrome on the world market has improved tremendously and Apple Bridge has been doing well,” Chidakwa told lawmakers on December 7, adding that government’s relationship with foreign chrome miners is “working smoothly”.
Zimbabwe has the world’s second-largest deposits of chrome after neighbour South Africa.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation