MOMBASA, Kenya (Reuters) - Kenya's mining minister denied allegations of corruption on Friday that were levelled 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 licences, 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.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!