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Originally published by Nation Business
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business
October 20, 2024
11mo ago

Firm eyes new Sh17bn gold mining projects in Kenya

Firm eyes new Sh17bn gold mining projects in Kenya

Shanta Gold to set up open pit mining in Siaya and Vihiga counties ..

✨ Key Highlights

Shanta Gold Kenya Limited plans to invest Sh17.71 billion ($137 million) in new gold mining projects in Siaya and Vihiga counties.

  • Projects will cover 175 hectares and utilize open-pit mining techniques.
  • The investment aims to support local communities through social schemes and infrastructure.
  • The Mining ministry has reduced royalty charges for gold miners from 5% to 3% to attract more investments.

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