Market News
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Mines ministry launches portal to track licences
Posted on :Tuesday , 10th February 2015
The Mining ministry has adopted an online portal in a fresh campaign to boost transparency in the issuance of licences even as the industry awaits new laws to spur investments.
The transactional Mining Cadastre Portal (OTMCP) launched last week by Deputy President William Ruto will track all mining licences — from exploration to production—that have been issued by the mini. . .Rise in royalties boosts state\'s mining revenue
Posted on :Tuesday , 27th January 2015
Kenya's mining revenues stood at Sh600 million in the first half of the 2014/2015 financial year, boosted by royalties from increased mineral exploration, Cabinet secretary Najib Balala said yesterday.
"We are hopeful that the Sh1.2 billion target for the current year will be achieved by end of this financial year," Balala said.<. . .Base Resources\' Kenya mine revenue to rise 12 pct in 2015/16
Posted on :Saturday , 24th January 2015
Australia's Base Resources expects revenue from its Kenya titanium mine to climb 12 percent in its next financial year to June 2016 due to an 8 percent rise in export volumes, Managing Director Tim Carstens said on Tuesday. East Africa's largest economy is seeking to expand its relatively modest and undeveloped mining sector, and the flagship $305 million Base Resources project is seen as integ. . .
Boost in Kenya\'s mining revenue
Posted on :Saturday , 24th January 2015
Kenya's mining revenues stood at Sh600 million in the first half of the 2014/2015 financial year, boosted by royalties from increased mineral exploration, Cabinet Secretary Najib Balala said yesterday.
"We are hopeful that the Sh1.2 billion target for the current year will be achieved by end of this financial year," Balala said.Chinese firm lands major mining deal
Posted on :Friday , 23rd January 2015
Project in Uganda also involves steel production, plants making fertiliser and acid, a power plant and more
A mining development deal in Uganda, one of the largest foreign-invested projects in the East African country that incorporates mining, fertilizer manufacturing, steel production and a melting plant, will generate annual net profit of $81 million, says the Gua. . .Please Select an Option
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