Kenya

Red Rock Resources, an Aim-listed resource company, reports that it has completed 1 744 m of reverse circulation drilling at the Mikei gold project in Kenya. A 2 000 m drill program is underway at the KKM Central prospect in the project’s western area. The company is drilling 17 holes …

Kenya’s mining industry, which is expected to generate US$200 million in 2020, is expected to expand as more companies begin production next year. After Shanta Gold, a mining company with operations in Kenya and Tanzania, announced that additional visible gold has been identified in seven different intersections, the western part …

In Kenya, a new mining player has emerged, and this player is serious about doing business. Its name is Caracal Gold, and manufacturing is its game. In September 2020, the business took operational control of its 100 per cent owned Kilimapesa gold mine, restarted processing and the underground mine in …

At his home near the Mikeyi gold mines in Migori County, John Ochola vigorously swirls the silver-metallic syrupy liquid on a half-litre plastic water bottle. Once the liquid has settled, Mr Ochola pours it into smaller glass bottles that were previously used for cough syrups and seals them tightly. Depending …

It’s possible that western Kenya is sitting on significant gold resources that have yet to be discovered. Bushiangala and Isulu villages in Kakamega County’s Ikolomani are claimed to be the rare metal’s bedrock, but people’ evident poverty tells a different narrative. Despite many years of exploration by foreign corporations that …

Alinani Precious Metals (APM), a Zambian company, has revealed intentions to establish a Sh1 billion gold processing plant on Nairobi’s Mombasa Road, aimed at artisanal miners. The gold refinery project, which will begin building in early September, will allow miners to derive value from their mineral resources rather than only …

In connection with a proposed listing on the Nairobi Securities Exchange, Papillon Holdings, which will be renamed Caracal Gold, has appointed Kenya-based Faida Investment Bank as its financial adviser and joint broker (NSE). This comes after the company’s prospectus was published on July 20 relating to the company’s ordinary shares …

Until late 2020, Narok had no sanitation system. The County had set aside a quarry near Narok town as a disposal area, but this was shut down in 2019 by the National Environment Management Authority (NEMA) after the quarry got full and was spilling into the adjacent Enkare Narok River. However, …

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 …

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 …