Scrap Iron industry gets green light for partial reopening but export of copper still banned

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Scrap Iron industry gets green light for partial reopening but export of copper still banned

Attorney General Reginald Armour SC has revealed that the partial proclamation of the Scrap Metal Act (No 24 of 2022) will be made on February 24th.

He made the revelation during a press conference alongside Minister of Trade and Industry Paula Gopee-Scoon.

However, he noted that the prohibition on the export of copper will continue for at least another year.
The only exception will be for manufacturers who produce copper as by-products of their enterprises.

Armour stated that between February 24th and April 24th, when the law is expected to be fully proclaimed, there will be a ‘transitional period’ in which no new licenses, or variations, will be granted.

Therefore, only persons who had licenses under the old act will be allowed to operate.
Any new persons wanting to engage in the scrap metal business will have to do so after April 24th.

Gopee-Scoon indicated that from February 24th dealers will fall under the provisions of the new law, which will include the licensing of scrap dealers, the powers of the Ministry to grant and revoke licenses, the conduct of businesses of scrap iron dealers including the keeping of records and retention of data, the inspection of premises and persons, and offenses and miscellaneous matters such as the right of appeal and transitional provisions.

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