Mining Cabinet Secretary Salim Mvurya (second left)
By MKT Reporter
Mining Cabinet Secretary Salim Mvurya has announced that the fluorspar mining company, which stopped operations nine years ago, will come back to life within six months.
The company will ensure that it strictly adheres to the Mining Act of 2016, with 70 per cent of royalties paid to the National Treasury, 20 per cent to the County Government, and 10 per cent to the local community.
The company will also work with the community to improve schools, hospitals, and other basic services.
The company will hire locals qualified for various positions and ensure they are given tenders to supply goods.
The government will own 15 per cent of the company’s shares, with a Director appointed by the government to protect government interests and those of the community.
The Ministry of Mining has pledged to work with the local community to revive the company, offer employment opportunities, and increase revenue for the county.
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