Kenya

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 …

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. …

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 …

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 …

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 …

The Ministry of Petroleum and Mining has put out an International Expression of Interest (IEOI) for the establishment of the refinery intending to improve gold refining in the country. The gold refinery plant, to be set up in the County of Kakamega, is a move seen to upscale the largely …

Across Western Kenya, over 95 per cent of gold mining is unregulated, with corruption, political interference and bureaucracy rife. A trip to the Chamber of Mines to seek a licence is hell on earth for investors. Failure by the government to regulate artisanal gold mining has hindered not only controlling …

Several leaders from the Western Kenya region among them Amani National Congress (ANC) chief Musalia Mudavadi, his Ford-Kenya counterpart Moses Wetang’ula and Sabati MP Alfred Agoi have sought details about the gold exploration and how Acacia Mining acquired mining rights. They said this as pressure mounts on the government to …

Athi River Mining (ARM) is reportedly seeking to dispose of its Rwanda and South African subsidiaries to pay off $284 million owed to creditors. The troubled cement maker has a mountain of debts owed to creditors in Kenya ($170 million), Tanzania ($110 million) and Rwanda ($4 million). Administrators of the …

The final rehabilitation of the 240km Nairobi-Nanyuki railway line lastly used in the late 1990s is gaining momentum with the arrival of train wagons at Nanyuki terminus. The project expected to unlock Central Kenya region’s economic potential. To the residents of expansive Central Kenya, the railway line revival means a …