N
Originally published by Nation Businessbusiness
October 20, 2024
11mo ago
Firm eyes new Sh17b gold mining projects in Kenya
Shanta Gold to set up open pit mining in Siaya and Vihiga counties ..
✨ Key Highlights
Shanta Gold Kenya Limited is set to launch new gold mining projects worth Sh17.71 billion ($137 million) in Siaya and Vihiga counties, aiming to utilize open-pit mining techniques.
- Projects will span 175 hectares in Ramula and East Gem in Siaya, and Mwibona in Vihiga.
- The company will incur an annual operating cost of $45 million (Sh5.8 billion) and pay $2.6 million (Sh335.9 million) in annual royalties.
- The Mining ministry has reduced royalty charges to three percent on gold extracted, down from five percent.
Continue Reading
Read the complete article from Nation Business
