Kenya Mining Forum

28-29 September 2016, Organized by Spintelligent
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Location: Kenya Nairobi
Date: 9/28/2016


Organizer: Spintelligent
Tel: (+27) 21 700 3500
Fax: (+27) 21 700 3501


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The Kenya Mining Forum will be a stakeholder-led gathering focused on a specific delegate profile with a distinct end goal -the search for credible investors in Kenya’s mining industry, as well as associated support services. Supported by case studies and presentations, growth strategies and market data, the inaugural edition of the Kenya Mining forum will showcase the country as an emerging destination for mining.

Why Kenya? Kenya has a high mining potential and already ranks as the third largest producer of soda ash and the seventh producer of fluorspar in the world. Located in East Africa, Kenya shares its borders with Tanzania, Uganda, South Sudan, Ethiopia and Somalia. It is considered a hub for financial, transportation and communications infrastructures in East Africa.

The outdated Mining Act of 1940 was updated and gazetted in May 2016. The result of this will hopefully drive an otherwise nascent industry into high gear. The sector currently accounts for less than 1% of the gross domestic product, but has the potential to grow to between 6 and 10%. The newly formed Ministry in Mining’s Cabinet Secretary Dan Kazungu has high expectations, and he has drafted a 20 year strategy to help the sector’s growth. He expects to attract many foreign investors, register informal miners, and expand and develop mining services and small gemstone industries. All mining companies will require parliamentary approval before being able to receive a licence to operate in Kenya. This clause should make mining companies more accountable and their operations more transparent, according to Kazungu.

The new law will hold periodic progress reports that will gauge how companies are engaging with their host communities, and will also help promote local small-scale miners. Kazungu states that “Under the Mining Act of 2016, Section 7 (1), the government has put in place a formal structure to allow communities accustomed to small-scale mining on their lands to continue participating and hence benefitting from the mining sector under this Act.” Additionally, the ministry has contracted audit firm Deloitte to conduct a study on new royalty percentages for minerals found in the country. The study is due to be completed by the end of July and then sent to be passed into law. Minerals sands junior Base Resources’ CEO Tim Carstens, who helped the Ministry, write the Act’s policies and regulations, states: “The noises that are coming out of Kenya now are the soothing noises that investors want to hear.” They proposed a formula for doubling the rate to 5% for the first five years of operation. Acacia Mining’s Vice President Peter Spora is cautiously optimistic about mining in Kenya and is exploring the country at present The newly formed Ministry in Mining’s Cabinet Secretary, Dan Kazungu Base Resources Kwale processing facility and most recent investment in minerals sand mining in the country Kazungu says the new guidelines are the “most progressive mining laws in the continent”. He adds “We want to get it right so that people don’t get excuses to smuggle minerals. We want something that is attractive and competitive to investors. We must have something that will not scare investors but make Kenya a mineral investment hub,”

The new legislation includes plans on principles of land policy, local content and environmental considerations, and rights to natural resources. Many foreign companies are already prospecting for niobium along the coast and some for gold along the shores of Lake Victoria. Owned by Canadian Barrick Gold, Acacia Mining’s Vice President Peter Spora says that he is “cautiously optimistic” about mining in Kenya. Digging in although still in early exploration, the government intends to carry out a nationwide aerial survey to map potential mineral deposits. The country is already known to hold deposits of gold, titanium, iron ore, coal, and copper. It is also listed as one of the top five countries with rare earth deposits, is the third largest producer of soda ash, the seventh producer of fluorspar and has the world’s top six deposits for niobium. The Ministry of Mining says the survey will provide detailed geological mapping and mineral resource assessments in order to have a database of potential minerals to be marketed to local and foreign investors. Kazungu says: “The aim of an airborne survey with satellite imagery studies is to determine the mineral potential. Mining has been adopted as an anchor of the Vision 2030 economic blueprint to propel Kenya to middle income status.” Getting the mining industry off the ground So it’s back to the salt mines, so to speak, for Kenya’s mining industry. Now is the best time to get involved and be a part of an industry that has the potential to become a reliable, highly profitable investment opportunity. The Kenya Mining Forum will be the launch for a ground-breaking event where potential investors and associated support services will gather to learn about growth strategies, market data, case studies, and investment opportunities. The Ministry of Mining will host the event and will give full disclosure on the updated Mining Act. Government representatives, CEOs and key stakeholders can meet and discuss at B2B meetings and CEO roundtables. The event will take place at the Intercontinental hotel in Upper Hill, Nairobi on 28 and 29 September 2016. MRA Register today and secure your spot! The Kenya Mining Forum is a premium annual mining investment event that showcases Kenya’s ‘open for business’ potential.

The forum will be a stakeholder-led gathering focused on a specific delegate profile with a distinct end goal –the search for credible investors in Kenya’s mining industry, as well as associated support services.

Supported by case studies and presentations, growth strategies and market data, the inaugural edition of the Kenya Mining forum will showcase the country as an emerging destination for mining.


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