Kenya woos mining investors with lower gold royalty fees

Miners

Artisanal gold miners work at a mine.  

Photo credit: File | Nation Media Group

The Ministry of Mining has lowered royalty charges for gold miners in the hope of attracting greater investment in the nascent industry.

Newly published regulations by the Ministry show that miners will now pay a three percent royalty on the gross value of extracted gold, down from five percent previously.

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Note: The results are not exact but very close to the actual.