Struggling ferrochrome needs chrome export tax as interim measure – Richards Bay Alloys

The struggling electricity-intensive South African ferrochrome industry, which has taken significant strides to increase its efficiency and reduce its electricity consumption, needs urgent steps to be taken to enable it to restore its competitiveness. The most far-reaching of these is the proposed imposition by the Cabinet of a tax on the export of chrome ore, coupled to the industry itself adopting energy efficient cogeneration and self-generation technologies at smelters to lessen its dependence on Eskom, which has increased the price of electricity by 523% in the last decade.

from Engineering News | Home https://ift.tt/3msTDny