UK mining firm wins rights to mine Kenya’s gold mine with deposits valued at more than $1.8 billion

  • The government has approved the granting of a mining licence to London-based Red Rock Resources.
  • The multinational now plans to resume exploration and production of gold in the Migori belt area covering 243 square kilometres.
  • Last year, the firm was forced to settle a court case with the government which had terminated its mining licence in May, 2015.

A United Kingdom mining firm is set to start mining a Kenyan gold mine with estimated deposits valued at more than Sh180 billion ($1.8 billion).

The government has approved the granting of a mining licence to London-based Red Rock Resources which is supposed to produce gold at a site in Migori. The Ministry of Petroleum and Mining posted the approval on its website.

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