Corporate News
Laws delay Kenya’s large-scale mining
Gold mining in Kakamega, Western Province. A new law is expected to invite big players to expand the sector. Photo/FILE
By George Omondi
(email the author)
Posted Friday, August 6 2010 at 00:00
Posted Friday, August 6 2010 at 00:00
Official data indicate earnings from gold rose almost four times to Sh2.3 billion in 2009 from Sh593 million a year earlier.
The country earned Sh123 million and Sh6 billion respectively from fluorspar and soda ash last year.
If implemented, the new laws are expected to improve the hunt for precious metals, changing the tide against non metallic minerals.
RSS