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Kenya to Award Mining Permit to Goldplat in October, Daily Says

Aug. 12 (Bloomberg) -- Kenya plans to award its first ever gold-mining license in October to Goldplat Plc, Business Daily reported, citing Commissioner of Mines Moses Masibo.

The permit will allow the London-listed company to exploit gold deposits estimated to be worth 60 billion shillings ($642 million) a year in the Kilimapesa area of Narok County, south of the capital, Nairobi, the newspaper said. Kenya’s government will earn 4 percent of the value of gold exported, it said.

The license is being awarded in October to allow a 90-day period for members of the public to lodge any objections, the newspaper said.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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