Duty Expectations--Merafe expects chrome export duty decision by February

摘要

South African black-owned ferrochrome producer Merafe Resources was hoping for "some kind of resolution" on proposals for a chrome ore export duty by February next year, CEO Zanele Matlala said last week.Such taxes were aimed at limiting the export of unbeneficiated chrome ore from South Africa to China, with the Asian giant having dethroned South Africa as the world's biggest ferrochrome supplier, despite having no chrome reserves of its own."South Africa has about 80% of the world's chrome reserves, but the Chinese have overtaken us in terms of ferrochrome production," Matlala warned.