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

G7 Signals Support for Canada as Major Energy Supplier Amid Efforts to Reduce Strait of Hormuz Dependence

Canada could ‘deliver significantly more capacity', G7 leaders say. Canada...

UK–EU Post-Brexit “Reset” Summit Scheduled for July 22 Amid Delays Over Youth Mobility Talks

The youth mobility scheme, which allows individuals under 30...

New Zealand Bets Millions on a Tourism Comeback—Can Global Marketing Unlock a New Economic Boom?

The tourism industry of New Zealand is receiving considerable...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories