Minerals Council lashes export taxes on chrome

Minerals Council lashes export taxes on chrome

Cabinet has approved export controls and electricity incentive for the ferrochrome industry

Minerals Council rejects chrome export tax

The Minerals Council South Africa (MCSA) has expressed support for adding value to the country’s minerals but opposes policy interventions that could harm the primary mining sector, jobs and economic growth. The council, which represents 90% of local mineral production by value, was responding to a Cabinet statement approving three interventions for the chrome and ferrochrome

South Africa's proposed chrome export tax could lead to job losses

The South African mining industry is facing a potential challenge as the government's proposed chrome ore export tax could cost jobs.The post South Africa’s proposed chrome export tax could lead to job losses appeared first on Mining Technology.

SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

By Enyichukwu Enemanna The proposed chrome ore export tax in South Africa will affect revenue generation capacity of miners and lead to job losses across the sector, the country’s Minerals Council has warned. The Minerals Council South Africa, which represents the country’s biggest miners, said in a statement that the tax “would not achieve the government’s aims of sustaining the ferrochrome industry and the preservation of jobs”. The African na…

South Africa chrome export tax sparks debate as miners warn of negative ...

Minerals Council reiterates its opposition to chrome ore export tax

THE MINERALS Council of SA has reacted with alarm to the recent decision by Cabinet to approve in principle an export tax on chrome concentrate to arrest the decline in the country’s ferrochrome industry. This is not the first time that the South African government has approved such a tax and each time the Minerals Council has opposed it. In mid-June, Merafe Resources, which has a pooling and sharing ferrochrome venture with Glencore, said it ha…