Market News
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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. . .Only one gold dealer licensed, says Mining CS
Posted on :Monday , 11th September 2017
The Government is cracking down on firms and individuals illegally trading in minerals in efforts to clean up the mining industry.
The Mining ministry has said only three firms have been licensed to undertake mineral dealings in the country, meaning that dozens of companies that claim to have dealer’s licences are undertaking the trade illegally.
In a public notice i. . .
Kenya reconsiders mining laws to address lack of mining growth
Posted on :Monday , 11th September 2017
Kenya looks set to review its mining laws as the industry has struggled to grow over the past five years.
After only one year since enacting new legislation, the Kenya government is looking at new ways to attract investment into the lagging mining industry, one that’s seen insignificant growth over the past five years.Work. . .The Kenyan mining sector: a win-win investment opportunity
Posted on :Friday , 11th August 2017
The Kenyan mining sector is indebted to Kenyan government and mining cabinet secretary Dan Kazungu for these changes that will enable the country to emerge as an ideal destination to build new mining businesses, writes Laura Cornish.
At a national level“At a national level, Kenya has been active in promulgating a leg. . .Please Select an Option
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