MMCZ SETS UP A CHROME ORE PRICING COMMITTEE

by / Monday, 06 August 2018 / Published in News

On 16 July 2018, Minerals Marketing Corporation of Zimbabwe (MMCZ) in conjunction with Applebridge Investments held a small scale chrome miners consultative meeting at Cresta Lodge in Harare. The meeting discussed inter alia; chrome production constraints, pricing and logistical challenges. One of the recommendations mooted during this meeting was the formation of a chrome ore pricing Committee, which comprises representatives from lumpy chrome producers, chrome concentrate producers, Zimbabwe Miners Federation (ZMF) and MMCZ. It was agreed that the purpose of the Committee would be to set minimum floor prices below which export sales could not take place. 

The Committee has since been formed and it held its first meeting on the 1st of August 2018. During its first meeting, the committee agreed on benchmark prices for lumpy chrome and chrome concentrates. Chrome ore miners are therefore urged to contact their ZMF representatives or MMCZ offices for guidance on floor prices for the month of August, as a review meeting is expected to take place during the first week of September.

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