Market News
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China, Kenya sign deal to fund Kenya’s airborne mineral survey
Posted on :Monday , 11th September 2017
Mining Cabinet Secretary Dan Kazungu said in a statement released on Wednesday that the National Treasury has signed off a multi-billion-loan agreement with China’s Exim Bank, paving the way for the funding of Kenya’s nationwide airborne geophysical survey.
“The 70 million U.S. dollars project is set to map Kenya’s minerals and natural . . .Kenya: Future Starts to Look Up for Titanium Firm As Prices Soar
Posted on :Monday , 11th September 2017
Local mineral producer Base Titanium is headed for a good run as ilmenite and rutile witness an upsurge in prices oversees.
The price of ilmenite has soared due to a dip in supply against an upswing in demand on the international market, while demand for zircon has strengthened owing to lower than anticipated global production of the ore. This has led to an in. . .Mining the next economic frontier
Posted on :Monday , 11th September 2017
Mining Cabinet Secretary Dan Kazungu was recently quoted as saying that “mining is the next economic frontier for Kenya, so get on board and be part of the mining boom”.
Following the enactment of the Mining Act 2016, Mr Kazungu has been leading a national and international charm offensive to attract investment in the mining sector, while also advo. . .Royalties: Vaaldiam Mining earns millions in royalties from mines years after exiting
Posted on :Monday , 11th September 2017
NAIROBI, KENYA: Canadian firm, Vaaldiam Mining Inc, earned a tidy Sh310 million during the year to June 2017 from the Kwale mineral sands project operated by Australian miner —Base Resources. While Vaaldiam might be unknown to many Kenyans, its predecessor Tiomin Resources is familiar to many and particularly to coastal residents.
For more than a decade, the firm struggled t. . .
Kenya seeks better revenues from quarries
Posted on :Monday , 11th September 2017
The move is intended to protect the environment and increase revenue from the quarry sub-sector.
Mining Cabinet Secretary Dan Kazungu says lack of regulation in the sub-sector has led to degradation of the environment, misuse of revenues meant to be remitted to the national government, investors and the communities.“Despit. . .Please Select an Option
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