Mining IQ

Mining in Kenya – The Start of a New Era?

Kenya, famous for its natural beauty and wildlife, is a country which remains subject to limited commercial exploitation of its wealth in minerals. Two recent mining projects, Kwale mineral sands project and Kilimapesa gold mine, have put Kenyan mining on the global map. Both mines are of great national significance, and together with Kenya’s proposed new mining law, may signal the start of the new era for mining in Kenya.

Located in East Africa, along the equator and bordering the Indian Ocean to its east, Kenya shares boundaries with Tanzania, Uganda, South Sudan, Ethiopia and Somalia. Kenya is a regional hub in terms of financial, transportation and communications infrastructure in East Africa. While Kenya has the largest economy in East Africa, compared to the rest of the world, it remains relatively a low income country.

This article aims to provide a brief overview of the legal and regulatory framework applicable to the mining industry in Kenya and sets out some practical considerations investors should bear in mind when mining in Kenya.

Originally published by Mayer Brown - http://www.mayerbrown.com/files/uploads/Documents/PDFs/Mining_in_Kenya2.pdf

Mining in Kenya – The Start of a New Era?.

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