Kenyan Administration Stalls Gold Mining License

Red Rock holds a 75% direct interest in Mid Migori Mining Company Ltd (“MMM”) which controls a 1.2Moz JORC gold resource in Kenya.

SEATTLE (Scrap Monster): The Kenyan government has announced its decision to delay mining license to the London-based Red Rock Resources. The move will leave the company wait further before it starts producing gold from Migori in western Kenya. It must be noted that the company had been waiting for license since 2008.

Red Rock had received mining permits via Special Prospecting Licenses 122 and 202 issued under the former Mining Act. Later, the Ministry had cancelled the initial licenses, for which the company has not cited any reason. In 2018, the company had settled a court case with the Kenyan authorities in relation to cancellation of the mining license in 2015.

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Recently, the company’s mining permit application was given approval by the Mining Rights Board (MRB), the same was being uploaded on the official website of the Ministry of Petroleum and Mining.

Following the rejection of the final official approval by Kenyan authorities, Red Rock Resources has decided to retain the $6.91 million provision that it had made earlier for ramping up the troubled operations.

Red Rock holds a 75% direct interest in Mid Migori Mining Company Ltd (“MMM”) which controls a 1.2Moz JORC gold resource in Kenya. The license would have allowed mining of the 243 square kilometre site, with precious metal deposits worth more than $1.8 billion.

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