Separate license for chrome ore proposed in South Africa
Oct 23, 2012 | 05:45 PM
| Bianca Markram
Tags
Chrome ore,
UG2,
Department of Mineral Resources,
ferrochrome,
platinum group metals,
PGM,
South Africa
JOHANNESBURG — The oversupply of chrome ore globally could be curbed if South Africa’s government forced platinum group metals (PGM) producers to have a separate license for selling chrome ore, market participants have proposed.
At the moment, PGM producers receive a license to mine and sell PGMs. Chrome is not specified in the list of products understood to fall under PGMs; however, as chrome is mined as a by-product of PGMs, these companies also end up selling it.
"Perhaps the oversupply of chrome ore is a regulatory problem and the government could extract more, or better, value from the minerals in South Africa’s ground by requiring the separate licensing of chrome ore that comes from PGM mines," an executive at a ferrochrome producer told AMM sister publication Metal Bulletin. "Surely it is in the government’s interest, or of national interest, to maximize this mineral asset. Would this not control the oversupply we have currently?"....
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