- In Kenya, mining yields high-grade quantities of gold, copper, ilmenite and tantalum.
- Kenya is an important source of non-metallic minerals including soda ash, limestone, salt, niobium, fluorspar and fossil fuels.
- Titanium ores have for the last decade remained top mineral forex earner for Kenya.
A plan to give Kenya’s mining sector a makeover is underway, with policymakers banking on reforms that can attract investors as the country seeks to grow the revenue base.
The move comes four years since the 2019 government moratorium on the issuance of new prospecting and mining licenses. At the time, the government had not renewed licenses since 2015 when about 65 companies saw their permits revoked.
Those in operation run under a gazette notice. For companies whose permits expire, they are forced to seek special clearance from the ministry. The freeze on issuance of new licenses was to allow for geospatial surveys to map out…
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The post Bold reforms to spur Kenya’s mining sector makeover appeared first on The Exchange.
