NewsWin For Australian Company After Ruto Lifts Mining Ban

Win For Australian Company After Ruto Lifts Mining Ban

-

- Advertisment -spot_img

  • Base Titanium Kwale, an Australian-owned company, heaved a sigh of relief after President William Ruto lifted the ban imposed on mining explorations. 

    Speaking to Kenyans.co.ke on Thursday, December 15, Engineer Decima Maina, who works at licensing department at the Ministry of Mining, confirmed the lifting of the ban and added that the company would receive exploration permits. 

    The company’s application bid to conduct mineral sand explorations in Ramisi and Mswambeni regions of Kwale County, was rejected due to the existence of the ban. 

    “Yes, it is true that the ban has been lifted for Base Titanium Kwale, and subject to following set regulations, they will receive exploration permits,” he confirmed. 

    Engineers working at Base Titanium in Kwale County
    Engineers working at Base Titanium in Kwale County
    Base Titanium

    On whether other mining companies will also be given permits he remarked, “Starting next year, most companies will have their exploration permits considered.”

    Mineral sands which are mined by Base Titanium Kwale, contain a compound that is primarily used to produce pigments, a raw material widely used in paints, plastics, paper, and inks.

    The sand is also used in the manufacture of titanium metal and in the welding industry. According to stakeholders in the mining industry, the ban had negatively affected the industry by deterring investors from coming to the country. 

    At the time, the government argued that the reason for the ban was to give the ministry of mining an opportunity to remap mining zones.

    “The government has halted granting or renewal of any mineral rights,” a statement from the mining ministry read in 2019.

    Lifting the ban aligns with President William Ruto’s promise to create an optimal environment for investors in a move to lift the country’s economy. 

    “We want investors to have faith in Kenya, when they set up businesses in the country it not only grows our economy but also gives employment to thousands of Kenyans,” Ruto remarked on November 22, during the launch of a new steel plant in Kwale County.

    “If the government works closely with domestic and international investors, we will create an environment where we will also benefit from getting much-needed foreign exchange,” the President added.

    Base Titanium Limited - Kwale Sands Mine Project
    Base Titanium Limited – Kwale Sands Mine Project
    Base Titanium
  • Source: kENYANS.CO.KE

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest news

    Ex-Govt Official in Ksh1.3 Billion Scandal Hospitalised After Court Release

    Former Nairobi Provincial Commissioner Davis Nathan Chelogoi is set to receive ongoing medical treatment at a hospital in the...

    Raila Allies Pile Pressure on Ruto as Talks Hit Dead End

    National Assembly Minority Leader Opiyo Wandayi, a close ally of opposition leader Raila Odinga and a senior member of...

    'They’re Jealous of Me', Nakhumicha Over Recent Criticism

    Cabinet Secretary (CS) for Health Susan Nakhumicha has strongly condemned the individuals criticising her over allegations of underperformance within...

    Court Orders City Lawyer Behind Ksh 283M Scam to Refund Loot

    The High Court on Thursday ordered a Nairobi lawyer to refund Ksh25 million he is accused of obtaining fraudulently. While...
    - Advertisement -spot_imgspot_img

    How to Buy Cryptocurrency with M-Pesa in Kenya: A Step-by-Step Guide on Binance

    Are you a Kenyan interested in purchasing cryptocurrencies using M-Pesa? Although direct purchases of cryptocurrencies via M-Pesa are currently...

    How to Buy Bitcoin with M-Pesa in Kenya: A Step-by-Step Guide on Binance

    Are you a Kenyan interested in buying Bitcoin using M-Pesa? While there's currently no direct way to purchase Bitcoin...

    Must read

    Ex-Govt Official in Ksh1.3 Billion Scandal Hospitalised After Court Release

    Former Nairobi Provincial Commissioner Davis Nathan Chelogoi is set...

    Raila Allies Pile Pressure on Ruto as Talks Hit Dead End

    National Assembly Minority Leader Opiyo Wandayi, a close ally...
    - Advertisement -spot_imgspot_img

    You might also likeRELATED
    Recommended to you