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Kenya to award first gold mining licence next week

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by MaxShimba, Nov 12, 2011.

  1. MaxShimba

    MaxShimba JF-Expert Member

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    Nov 12, 2011
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    Kenya to award first gold mining licence next week

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    A goldsmith displays gold bars at his shop in Riyadh October 12, 2009. Kenya will issue its first ever gold mining lease on Tuesday, opening the way for commercial exploitation of the precious metal whose price has peaked in recent weeks after turbulence rocked global financial markets. File

    Kenya will issue its first ever gold mining lease on Tuesday, opening the way for commercial exploitation of the precious metal whose price has peaked in recent weeks after turbulence rocked global financial markets.
    Goldplat - gold dealer listed at the London Stock Exchange - will be awarded the lease to exploit the large gold deposits in the Lolgorien area of Narok County, according to sources at the Mines and Geology Department.

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