BRafr-September2017

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MINISTRY OF MINERAL RESOURCES now claiming their space encouraged by the progressive mining law in place. Small and Medium Scale miners are showing increased interest too. Exploration and mining companies are in Kenya carrying out exploration leading to the announcement of what is considered the biggest gold discovery on the continent - 1.3mn ounces of inferred gold along the Liranda corridor in Ikolomani in Western Kenya. Large-scale mining investments are coming to Kenya for example Base Resources (Base Titanium) that is the single largest mining company in the country, Acacia Mining, Gold Plat, Tata (Magadi soda), Lafarge limestone project. WHY HAS IT TAKEN SO LONG, IN YOUR OPINION, FOR KENYA TO REALISE THE ENORMOUS ECONOMIC POTENTIAL OF ITS NATURAL RESOURCES? It all comes down to leadership and vision. Over the years industry players have been talking about mining opportunities. It takes leadership to transform this, to real worth. This is what formed the vision to grow Kenya’s into a medium sized economy. The other reason is socio-economic socialisation as over the years, Kenya was presumed to be an agricultural economy and so little attention was paid to mineral exploitation. YOUR MINISTRY’S WORK, LEGISLATION AND COLLABORATIVE APPROACH HAS BEEN PRAISED BY SOME OF THE MAJOR MINING OPERATIONS IN THE COUNTRY. HOW IMPORTANT IS TO MAINTAIN GOOD RELATIONSHIPS? As a country, we believe strongly that to create a robust investment environment, relationships are extremely key and not about shortterm gains. Mining projects are by nature long-term and therefore the relationships built should be longterm. This is the natural habit to adopt, not just to please investors but also to create a “win-win-win-win” in the sector. This is the only sustainable way; – win for the investor who takes the risk (sometimes massive 54 September 2017
MINING “As a country, we believe strongly that to create a robust investment environment, relationships are extremely key and not about short-term gains” DAN KAZUNGU Cabinet Secretary Ministry of Mining, Republic of Kenya www.mining.go.ke 55
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September 2017 www.africanbusinessr
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BRafr-September2017

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