The Ministry of Mining and Blue Economy on Tuesday directed all miners across the country to heed the Mining Regulations 2024 and remit their royalties in time. CS Joho noted that the Mining Regulations 2024 demanded that all miners remit their royalties every month through the eCitizen platform which would later be channeled to the Central Bank of Kenya (CBK). In the new rates, coal miners would pay seven per cent in royalties with Limestone, gypsum, dolomite, silica sand, talc, and carbon dioxide miners set to pay royalties at the rate of three per cent. Similarly, clinker miners, cut gemstones, cement and salt miners would pay royalties at the rates of two per cent, six per cent, one per cent and 1.6 per cent respectively. The latest directive comes barely a month after CS Hassan Joho promised to take legal action against individuals who would be found mining strategic minerals illegally.

Source: Mint October 16, 2024 06:07 UTC