Friday , July 30 2021
Home / News / Kenya

Kenya

Owners of Mining Companies at Loggerheads over missing money

A perfect storm is brewing at mining firm Athi Stores Ltd, with directors fighting over Sh2.5 billion in allegedly embezzled funds, the taxman seeking his pound of flesh, and angry staff demanding Sh60 million in termination bonuses. The boardroom squabbles pit two families against one another, perhaps setting the stage …

Read More »

Australian mining firm hopes to expands its business in Kenya

Base Titanium, an Australian mining business, is optimistic that it will be able to continue mining in the country once the present mine life expires in October next year. It hopes to expand its operations along the Kenyan coast’s south and north by obtaining prospecting and mining licenses from the …

Read More »

Shanta Gold provides an update on Western Kenya mining venture

Following the most recent drilling in the Lihranda corridor at Isulu, large-scale gold mining in Western Kenya could begin next year. Additional visible gold has been identified in seven unique intersections, according to Shanta Gold, the company doing the exploration. The gold explorer said the results were reached after a …

Read More »

Kenya signs an agreement with DRC to improve low business figures between them

Kenya and the Democratic Republic of Congo have signed important agreements on transportation, defense, and trade, signaling a drive to increase the low levels of trade between the two countries. Following a bilateral meeting between Presidents Uhuru Kenyatta and Felix Tshisekedi, the two sides signed a new agreement on Wednesday …

Read More »

AFRICAN GOVTS SHOULD HARMONISE GOLD EXPORT TAXES TO CURB SMUGGLING,PROMOTE CONFLICT-FREE GOLD

The Investigation and Policy Group, The Sentry, has advised that the US and the EU must work with African governments to harmonize gold export taxes to reduce smuggling and promote conflict-free gold. Uganda, Rwanda, the Democratic Republic of Congo (DRC), the Central African Republic (CAR) and Cameroon are the countries …

Read More »

Kenya’s mineral potential largely unexploited

If completely exploited, Kenya’s mining sector could contribute up to 12% of the country’s GDP. This is according to a study released this week by the Mineral Rights Board on how to draw mining investment. Significant obstacles found in the report have caused local and foreign investors to steer clear …

Read More »

Shanta Gold takes audited of its East African assets

Shanta Gold, a gold producer based in East Africa, has reported its audited final results for the year ended 31 December 2020 for its East African properties. Its properties include the New Luika Gold Mine and the Singida Project in Tanzania, as well as the West Kenya Project in Kenya. …

Read More »

Kenyan gold asset scheduled to reverse list on the London Stock Exchange

The reverse list on the London Stock Exchange in March is scheduled for a Kenyan gold asset with expansion, discovery and green status upside. The Kilimapesa gold mine, with a reported Joint Ore Reserves Committee resource of 670 000 oz, is a relatively extensive underground and 6 000 oz annual …

Read More »

Gemstone Value Addition Plant Set to Transform Kenya

In a move that is set to transform the gemstone industry, the Government of Turkana County, Kenya, has expressed its commitment to developing a value-added gemstone centre in the region to help artisan miners achieve better prices for their precious stones. The county Chief Officer for Water Services, Climate and …

Read More »

Shanta ends the year with higher reserves and resources

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through  CEO Eric Zurrin  in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika …

Read More »