Nairobi, KENYA: Ministry of Mining is gearing up to utilize sh. 6 billion dollars to asses viable areas where there is a possibility of minerals; to ascertain the quantity of such resources in the country.
In a press briefing in Nairobi on Monday, Mining Cabinet Secretary Dan Kazungu said that such exercise is set to expand mining sector to provide a platform for internal and international investors.
Kazungu said that talks are underway between treasury, his ministry and other international players including China USA and Germany; to make sure that all areas which are rich of minerals are mapped out.
“We are are having discussions with different partners who are key to support us ,this is about mapping the mineral worth we have in the country ,so that investors can know where they can invest.” Kazungu said.
Kazungu indicated that early this month the cabinet approved the mining policy which will bring sanity in the mining sector to provide a framework with a clear guidance of mineral sector which paves way for mining bill; which at the moment stakeholders are pushing parliament to fast track it.
“The policy will address gaps within the mining sector and form the basis of a review of 1940 mining Act and align with mining strategic direction .”Kazungu said
He pointed out that the ministry will be at forefront in settling disputes between mining campanies and the communities in which they are located more so in Kilifi, Taita Taveta and Kerio Valley to avert conflicts emerging due to vested interests by various groups.