24 May 2019

Kenya, Fenxi Mining to sign coal deposits pact, Bloomberg says

Kenya plans to sign an agreement with Fenxi Mining Industry Co. of China to develop a coal deposit of 400 million metric tons, ending a two-year delay and enabling the government to tender 31 more blocks, Bloomberg News reported on Monday.  A benefits sharing agreement may be signed by Tuesday for blocks C and D in Mwingi, 143 kilometers northeast of the capital, Nairobi, John Omenge, chief geologist at the East African country’s energy ministry, was quoted as saying. The signing of the accord has been delayed since Fenxi won the tender to explore the blocks in 2011, after local residents demanded a share of income from the project.

– Contact HKEJ [email protected]



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