Ministry of Mining expects to inaugurate its new board of committee in a week’s time after the recent signing of the Mining Act 2016 into law. The board will be tasked to handle and take stock of about 100 mining application licenses forwarded to the ministry this year.
Speaking in his office on September 26, 2016, CS for Mining Dan Kazungu said “the appointment of the board to be made official by the President will consist of a chairperson and a nominee from the Council of Governors.
This is comes at a time when Kenya plans to host the Kenya Mining Forum scheduled to take place from September 28-29 at Crowne Plaza hotel, Nairobi. The expo will focus on the country’s recently updated mining act and how it is expected to ease way for investment into and development of the country’ s skyrocket mining sector.
“I expect the country’s mining sector to grow significantly in the next ten years as government has already recognized the sector as a key pillar for growth and economic transformation,” Kazungu observed.
Base Titanium, General Manager, External Affairs and Development, Joe Schwarz said that the forum will showcase the successful development and operation of the Kwale Mine and it is their hope that they will be viewed as a catalyst for further investment in the country’s mining sector.
Kazungu also outlined a number of producers of minerals who include small scale miners, gem and precious stones miners, exploration companies, large scale miners and artisanal miners who are responsible for over 60 percent annual gemstone production. Government announced presently that it will spend KES3bn to map out mineral sites immediately in order to identify all minerals as part of the country’s industrialization strategy.
The money to be spent in a phased approach will start with exploration areas like Migori, Homa Bay, Siaya, Kakamega, Busia and other neighbouring counties where huge deposits of minerals haven’t been exploited.
Kenya is ranked as the third largest producer of soda ash and seventh producer of fluorspar in the world. It is also known for gemstone mining though small scale miners dominate the country.