Business
Jamaica implementing new rules for scrap-metal dealers
“This ministry is committed to reinstating the trade in scrap metal in the shortest possible time. We have taken every possible caution, dotted every ‘I’ and crossed every ‘T’, checked, cross-checked and rechecked to ensure we have plugged every loophole,” Hylton added.
Under the new regulations, which have been approved by cabinet, the export of scrap metal will be done in two categories – industrial and non-industrial scrap.
The regulations place more emphasis on non-industrial scrap or metals purchased for export, an industry that has been blamed for the widespread theft of metallic infrastructure, leaving losses estimated at J$1 billion (US$ 11.3 million) in the last four years.
A key component of the new measure will see the creation of a central processing and loading site for exporters of non-industrial scrap metals.
Hylton said lands have already been identified at Riverton City, in St Andrew, and the Factories Corporation of Jamaica will be responsible for constructing the facility at a cost of J$40 million (US$ 452,000).
Exporters will be required to take their scrap metal to the site where Hylton promises that they will be “rigorously inspected” by the Jamaica Customs Department and the police.
“In the event that the material is proven to be stolen, the exporter will be fined J$5 million (US$ 56,497) and he will lose his licence to export. The company will also be required to post a bond of J$5 million,” Hylton explained. – (Jamaica Gleaner)
