Sh6bn in titanium mining royalties demanded from the government

- Advertisement -

KWALE (CU)_Over the past few months, the youth in the Kwale County of Kenya have been demanding the government to release millions of dollars in mining royalties owed to them by Base Titanium, the operator of the country’s largest sand mine. The company, the local Kenyan subsidiary of Australian-based Base Resources group, says the funds, amounting to about Sh6 billion (nearly US$55 million), accrued over the past six years, have already been remitted to the government, while the Mining Cabinet Secretary previously noted that a special panel has been formed to how the royalties will be distributed among local governments and individuals.  

“We are putting a lot of pressure on that because it is the…

Hot this week

Nvidia Fuels Intel’s AI Ambitions with $5bn Strategic Stake

In a move that has raised eyebrows across the...

France in Uproar: Hundreds of Thousands Flood the Streets Over Budget Cuts

Hundreds of thousands of workers took to the streets...

The Commonwealth’s Interfaith Peace Talks Are Going Virtual—Here’s Why It Matters

(Commonwealth)_ The third annual Commonwealth Faith Festival Peace Talks...

Goa and Odisha on Edge: What Happens If the Iron Ore Duty Returns?

(Commonwealth_India) The government’s decision to delay a hike in...

Rising Unemployment and Falling Exports Force Canada’s Rate Cut—Can the Economy Bounce Back?

Commonwealth_ The Bank of Canada reduced its benchmark interest...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories

Commonwealth Union
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.