Kenya to increase mining licence fees by up to 900%
By
Published: Wednesday, 26 March 2014
The East African country is home to a number of industrial mineral projects including mineral sands and rare earths, but sharp increases in licence charges aimed at increasing mining’s GDP contribution could jeopardise future investment in the sector.
By Allan Bariyo
Kenya's Mining Ministry is in the final stages of
publishing the new charges for mining and exploration
licences.
The cost of the licences is likely
to increase by 900%, government sources revealed to
IM, a rumour that is unsurprisingly raising
concern among international miners in the country.