Kenya has gold deposits that could easily be turned into high-value bars for export, and attention in the mining industry will on today Tuesday turn to Lolgorian in Trans Mara, Narok County when Kilimapesa Gold, international gold company begins a fresh round of producing pure gold, much of which is believed to be unexploited.
Experts reveal that initial exploration in Narok County discovered at least a million ounces of gold worth at least Sh1.2 billion going by current market prices. This is yet another sign another sign that the country has alternative revenue streams, after years of relying on agriculture and tourism to drive its economy.
Kilimapesa Gold, which is owned by London-based gold firm Goldplast, is expected to begin smelting the mineral into high-grade bars from mid-morning tomorrow.
“Residents are looking forward to benefit from the exploitation”, Lolgorian Ward MCA, Mr Kisemei.
Narok County leading online newspaper.
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