Kenya

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 …

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 …

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 …

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 …