Research Pit

[Mr. Zen]

Base Resources has announced that the Kenyan Minister of Environment and Resources has passed a regulation under the Mining Act that seeks to mandate a 35% minimum Kenyan equity participation in mining licenses.

The Mining Regulations 2012, which became publicly available on Sunday, state that: “It shall be a condition of every mining license that the mineral right in respect of which the license is issued shall have a component of local equity participation amounting to at least 35% of the mineral right.”