Market News

Nairobi — THE Kenya Mining Forum scheduled for next month in Nairobi will showcase why the East African country is the new mining frontier.   Mining Cabinet Secretary, Dan Kazungu, says the government has recognised the mining industry is a key pillar for growth and economic transformat . . .

Lobbying for influential positions has started in earnest in the new legal order that will govern mining.   The new mining law replaced some laws which were enacted in 1940s just after World War II.   The law creates the crucial Mining Rights Board that will vet applications for licens . . .

Frank Mugyenyi is a senior advisor for the department of trade and industry at the African Union Commission (AUC), and the brain behind the new African mining treaty. Adopted in 2009, the main objective of the treaty is to strengthen co-operation and partnership between the public and private sector . . .

The extraction license is a first for Stella, as well as the host region, Gambella   Stella Trade and Industry PLC has joined the league of four gold extractors operating in Ethiopia, after securing a large-scale gold mining license. This is a first for the company, as well as the host region . . .

THE Government has signed a five year agreement with China geological survey to carry out a geological mapping for Zambia.   The cooperation is expected to be beneficial as it will enhance geological, geophysical and geochemical data gathering in areas where the geological survey department h . . .