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Kenya Raises Mineral Royalties, Revokes New Mining Licenses

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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NAIROBI (Reuters) - Kenya has raised the royalties levied on minerals mined in the east African country and revoked all prospecting and mining licenses issued during the first five months of this year following a sector-wide review, it said on Monday. Mining Secretary Najib Balala said the cancellation of licenses came after several complaints regarding the process. ...

 

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