Recently, according to foreign media reports, the Zimbabwean cabinet changed the trade policy of chromium ore, lifting the export ban of unprocessed ore, and the sale price of all kinds of chromium raw materials control.
The government of Zimbabwe has decided to appoint the Minerals Marketing Corporation of Zimbabwe (MMCZ) to lead the country's chrome ore trade.
The decision covers all types of chromium raw materials, including raw ore, which was previously banned from export. In addition, the Chromium Mining Coordinating Committee will set quarterly prices for mining companies and traders. Notably, the committee will include representatives of companies involved in smelting, as well as members of the association of small chromium miners.
In July 2021, the Zimbabwean government banned the export of unprocessed chromium ore, citing the need to stimulate local processing operations. According to Zimbabwe's Ministry of Mines and Mining Development, the country has the world's second-largest reserves of high-quality chromium ore after South Africa, at about 10 billion tons, equivalent to about 12 percent of the world's reserves.
