The Israeli cabinet has approved a plan which could increase taxes on mining firms from the current 23% to between 46% and 55%.
The Cabinet of New Zealand has approved new regulations on mining health and safety, which will come into force on 16 December with transitional arrangements.
The mining revolution and why Kenya is sitting on a goldmine. A resident displays samples of precious stones extracted at a mining site in Kiangunguru village, Embu County, on February 2, 2024. Embu County was hit with a palpable sense of excitement in January with the announcement that deposits of the precious rare earth …
The Mining (Amendment) Bill, which went through the First Reading in Kenya's National Assembly on Thursday, October 12, 2023, seeks to create a more …
The cabinet approved most of the proposed amendments to the MMDR Bill 2021 in January, but the Ministry of Mines proposed supplementary provisions to the MMDR Bill in February. The draft bill would allow the selling of 50% of coal extracted from captive mines that were allotted prior to the commercial coal mining auction.
The government has officially lifted a ban on the issuance of prospecting and mining permits across the country, with licences now available for a total of 56 construction and industrial minerals, with an additional 14 licences designated as strategic minerals following Cabinet approval. The minerals that have been approved include gold ...
During a cabinet meeting chaired by President William Ruto, the decision to privatize DBK was greenlit, with the cabinet acknowledging the bank's transition into a fully-fledged commercial entity regulated by the Central Bank of Kenya (CBK). Additionally, the cabinet approved the divestment of five non-strategic hotels, including Kenya Safari ...
President Uhuru Kenyatta and his cabinet address journalists at State House in Nairobi on the 28th January, 2014. Cabinet has on Tuesday approved the Mining Bill 2014, and authorised its submission to parliament for debate.
Kenya: Cabinet of Kenya approves the Multilateral Instrument. On 21 March 2023, pursuant to the provisions of the Treaty Making and Ratification Act, the Cabinet of Kenya approved Kenya's proposed ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (commonly …
The Cabinet authorized partial lifting of the moratorium on issuance of new mining rights effected by Cabinet in the year 2019. "To protect Kenya's national interest, the intervention comes in tandem with a more transparent and …
July 13, 2022. Cabinet has approved the Mines and Minerals Amendment Bill. This was announced by the Permanent Secretary of the Ministry of Information, Publicity and Broadcasting Services Mr Nick Mangwana. "Cabinet has approved the Mines and Minerals Amendment Bill which was presented By Minister of Justice Hon Ziyambi and Deputy …
First Mining Announces Year-End 2023 Financial Results and Operating Highlights. April 1, 2024 – Vancouver, Canada – First Mining Gold Corp. ("First Mining" or the "Company")(TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its fourth quarter and annual financial results for the year ended December 31, 2023. The audited …
The Cabinet Secretaries in Kenya are appointed by the President. They work with the Parliament to develop legislation related to their ministries. They are also responsible for monitoring and evaluating …
Base Titanium's hopes of expanding its operations in the country have received a shot in the arm after the national government lifted a moratorium on issuing new mining rights. On Tuesday, the cabinet lifted the moratorium for 2019, paving the way for the issuance of prospecting licenses to miners.
The Union Cabinet on Wednesday approved royalty rates for the mining of three critical and strategic minerals — lithium, niobium, and rare earth elements (REEs).
The Cabinet also approved the purchase of six parcels of totalling 11,000 acres of land in Naivasha, including 6,000 acres for settling squatters and 5,000 acres for industrial purposes.
The survey which started during former President Uhuru Kenyatta's tenure, entirely done by government agencies and resources, has since been completed with the new government planning to lift the ban, signaling a new era for Kenya's mining industry.
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi was apprised of a Memorandum of Understanding (MoU) signed on 5th December, 2023 between the Government of the Republic of India through the Ministry of Electronics and Information Technology and the Government of the Republic of Kenya through the …
The government has announced mass registrations for Kenyans to the new Social Health Insurance Fund (SHIF) across all 47 counties in Kenya. Cabinet in a June 11, 2024, despatch announced that the ...
New Delhi: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved amendment of Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 ('MMDR Act') for specifying rate of royalty in respect of 3 critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements (REEs).
A nascent mining industry is forming in Kenya, with the first large-scale mining project expected to begin exports this month, although a spate of changes to the …
Kenya's new Mining Act is the first major revision in mining law in the country since the 1940s. The new Act is largely considered to be a modern piece of legislation that is clear in terms of ...
The vehicle driving Red Rock's Migori Gold Project is local firm Mid Migori Mining Company Ltd, of which the UK firm holds a 75% direct interest in. Mid Migori Mining Company controls a 1.2 million ounce gold resource in Kenya, and is licensed by the Mining Ministry. On current market value, the gold deposit has a value of around …
Kenya has announced the recent discovery of the precious mineral Coltan within its borders. Coltan is a priceless component in the manufacture of smartphones laptops, and other communication gadgets. A large amount of the precious mineral was found across at least six Kenyan counties. The current Kenyan administration has said …
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved amendment of Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 ('MMDR Act') for specifying rate of royalty in respect of 3 critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements (REEs).
Cabinet has approved the allocation of R2.1-billion in the criminal asset recovery account to provide aid in the fight against illegal mining and other organised crimes in South Africa.
The growth of Kenya's mining sector has been further stagnated by the moratorium issued by the Government in 2019, restricting the processing and issuance of licenses and renewal applications. The Government has argued that the moratorium was necessary for streamlining the sector, mapping mineral resources, and ensuring the …
Kenya's Cabinet consists of the President, Deputy President, Attorney General, and Cabinet Secretaries. Kenya's Constitution allows for a maximum of 23 ministries. Cabinet Secretaries are appointed by the President and then approved by a legislative committee.
Kenya's Cabinet has approved the Mining and Minerals Policy, aimed at encouraging investments in the extractives industry. The policy, approved on April 1, provides guidance on the conduct of mining and development activities in the country. It touches on environmental issues, local value addition, post-mine closure activities, …
Mining, Blue Economy and Maritime sectors form an integral part in the economic take off of the country. As Cabinet Secretary, Mvurya has instituted favorable policies and …
The Cabinet also approved the purchase of six parcels of totalling 11,000 acres of land in Naivasha, including 6,000 acres for settling squatters and 5,000 acres for industrial purposes.
