CGL Meets China's IPL Business Ltd. To Explore Mining Opportunities In Laikipia
Updated on: Jun 13, 2024
June 13, 2024: HE. Governor Joshua Irungu EGH played host to prospective mining investors, IPL Business Ltd, led by their team leader Mr. Qi Feng Wu.
The County team and IPL Business Ltd discussed in depth Laikipia's potential mining opportunities and economic benefits that accrues from successful mining enterprise.
Some of the mining resources in Laikipia that the company showed interest in include red and yellow quartz, bauxite, bentonite, kaolinite, sepiolite, vermiculite, garnets, and marble.
According to a mining survey conducted by County Government of Laikipia in 2020, Laikipia has at least 15 types of minerals. Among the substantive minerals for exploration the survey found out were iron ore, limestone, granite, and a host of clay minerals.
Mining Act 2016, section 183, the law outlines how mining royalties are to be distributed in the event of successful mining and trading; 70 percent of the royalties goes to National Government, 20 percent to County Government, and 10 percent to local communities.
The IPL Business Ltd visit therebefore came at an opportune time when County Government of Laikipia is scouting for strategic development partners to compliment resources from Exchequer, from Own Source Revenue (OSR) and grants.
To demonstrate commitment to their intentions, IPL investors plan to tour various mining sites within the county next week to conduct physical inspections and collect quality control samples for further testing and quality checks.
During the meeting, the County team had also LCDA CEO Mr. James Mugambi, County Attorney Mr. Alexander Muchemi, County Director of Legal Ms. Annette Wambui, LCDA directors, and other senior government officials.
The County team and IPL Business Ltd discussed in depth Laikipia's potential mining opportunities and economic benefits that accrues from successful mining enterprise.
Some of the mining resources in Laikipia that the company showed interest in include red and yellow quartz, bauxite, bentonite, kaolinite, sepiolite, vermiculite, garnets, and marble.
According to a mining survey conducted by County Government of Laikipia in 2020, Laikipia has at least 15 types of minerals. Among the substantive minerals for exploration the survey found out were iron ore, limestone, granite, and a host of clay minerals.
Mining Act 2016, section 183, the law outlines how mining royalties are to be distributed in the event of successful mining and trading; 70 percent of the royalties goes to National Government, 20 percent to County Government, and 10 percent to local communities.
The IPL Business Ltd visit therebefore came at an opportune time when County Government of Laikipia is scouting for strategic development partners to compliment resources from Exchequer, from Own Source Revenue (OSR) and grants.
To demonstrate commitment to their intentions, IPL investors plan to tour various mining sites within the county next week to conduct physical inspections and collect quality control samples for further testing and quality checks.
During the meeting, the County team had also LCDA CEO Mr. James Mugambi, County Attorney Mr. Alexander Muchemi, County Director of Legal Ms. Annette Wambui, LCDA directors, and other senior government officials.
