The government will revise mineral royalties for miners, Cabinet Secretary Dan Kazungu has said, setting the stage for a fresh battle with investors. This is part of the mining ministry’s efforts to streamline the sector after coming into force of the 2016 Act five months ago. The ministry contracted audit firm Deloitte, to conduct a study on new royalty percentages for different minerals found in the country. We must have something that will not scare investors but make Kenya a mineral investment hub,” Kazungu told the Star. Last year, a revision on titanium royalties by the ministry was disputed by Kwale based Australian miner -Base Titanium.

Source: The Star September 28, 2016 23:48 UTC