Market News

The local mining sector’s attractiveness has slightly improved, according to the latest survey by Canadian think-tank Fraser Institute.         The Fraser Institute 2015 survey has ranked Kenya 103 out of 109 jurisdictions that were covered. It was ranked 121 out of . . .

Kenya has contracted a Chinese firm to carry out fresh mineral mapping at a cost of Sh7 billion. The aerial survey is expected to compile a new geological map detailing the occurrence of minerals around the country, a step that is set to spur investment in the mining sector. Mining Permanent Secre . . .

 The government plans to fastrack implementation of higher mining royalties to give Kenyans a bigger share of earnings from the country's mineral resources, newly appointed Mining Cabinet secretary Dan Kazungu said yesterday.   Kazungu said the government is negotiating with miners for a . . .

Khartoum — The Ministry of Minerals has signed and agreement with the Neelan International Company for Mining according to which the company was granted concession block for exploration for gold at Halfa Locality in the Northern State.   The Minister of Minerals Dr. Ahmed Mohamed Sadiq . . .

 Intrepid Mines, an Australian company, has spent more than US$40 million on drilling and exploration works on the Kitumba Mine project located in Mumbwa District.   Intrepid Board representative and non-executive director, Richard Baumfield said the Australian Stock Exchange-listed firm . . .