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Region moves towards harmonising mining policies
Najib Balala, Kenya’s Mining secretary and Seamic’s chairman (right) and the African Union Commission (AUC) senior industry adviser Frank Mugyenyi address the press during the Governing Council meeting of Southern and Eastern Africa Mineral Centre (Seamic) at the Intercontinental Hotel in Nairobi on June 4, 2014. Photo/SALATON NJAU
Seven nations from south and east Africa are moving towards adopting a uniform set of mining policies that would harmonise royalty charges on their minerals.
Kenya, Tanzania, Uganda, Mozambique, Ethiopia, Sudan and Angola, on Wednesday accepted a proposal which provides for a common model in the management of their mineral wealth to avert exploitation by mining firms and boost returns to their economies.
