Sunday, August 11, 2013

Kenyan mining minister denies corruption allegation

Reuters: Kenya's mining minister denied allegations of corruption on Friday that were leveled against him by the Kenyan subsidiary of Canadian-listed miner Pacific Wildcat Resources. Mining Secretary Najib Balala this week unexpectedly raised royalties on minerals and revoked certain mining licenses, including Cortec Mining Kenya's permit. He said the move was to ensure Kenya got a bigger share of earnings from its nascent mining sector.

1 comment:

  1. Information provided in this article is efficient.Some far it is true that mining companies in Canada are under pressure.If they want some change in mining sector or firm, first of all they have to concentrate on corruption.There are few bad things in terms of reputation for Canadian companies also another factor.If the companies are looking forward to get some change in this fields (corruption and reputation), it will be the success for Canadian mining.


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