Last Updated 14 years ago by Kenya Engineer
The proposed Minerals and Mining Draft Bill is set to be tabled in parliament come July this year. The current bill, considered outdated was last reviewed in 1940.Proposed amendments however are currently being finalized by the Ministry of Environment and Natural Resources.
According to the Kenya Chamber of Mines (KMC), the lobby group had requested for the Bill to have a revenue sharing structure taking into account the investors of the central government, counties and local communities.
After funding prospecting of minerals, firms are to meet the cost of the mining activities upon obtaining requisite approvals, paying taxes and royalties while balancing the need to make a return on investment.
The law will not allow anyone to extract minerals without a license, official office address and information about business income. The miner will then ensure their operations do not damage or endanger the lives of people.
-
Product on sale
AWEBook Volume 2Original price was: KShs 3,500.00.KShs 3,000.00Current price is: KShs 3,000.00.
