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Kenya Mining Industry Operational Despite Disrupted Supply

March 27, 2020
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Home Kenya

Kenya Mining Industry Operational Despite Disrupted Supply

by Matimu Mahundla
March 27, 2020
in Kenya
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Mining Principal Secretary Amb. Kirimi Kaberia says the government is engaging stakeholders in the industry to minimize the impact of the virus.

The mining industry earned the country Ksh30 billion ($286m) last year according to data from the Kenya National Bureau of Statistics.

Industrial production in China, the world’s biggest metals consumer, took a big hit from the epidemic, with movement of people and commodities restricted in a bid to contain the spread of the virus.

Kenya’s largest mining company Base Titanium says demand for its products remain stable. China accounts for more than 55 per cent of Base’s exports.

Also Read  Government officials intensify sensitization campaign on Corona virus

Kaberia however says disruption in the shipping industry may have an impact on earnings from the industry.

In the December 2019 quarter, the company shipped a total of 127 thousand tons of minerals, 56.7 per cent up from 80,840 tons in quarter three.

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Titanium ore minerals account for close to 70 percent of the total value of mineral export in Kenya.

Kenya National Bureau of Statistics shows earnings from minerals increased by 6 per cent from 28.7 billion in 2017 to 30.4 billion in 2018.

Read the original article published on Kenya Broadcasting Corporation

Tags: KenyaMining Industry
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Matimu Mahundla

Matimu Mahundla

Jan - March 2023 Magazine

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