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Kenya cancels mining licenses; gold royalties double

Ana Komnenic | August 06, 2013 | 3:34 am Base Metals Battery Metals Energy Precious Metals Africa Canada Europe Coal Copper Gold Rare Earth 

In a move that surprised mining companies, the Kenyan government has revoked some mining licenses and doubled gold royalties to 5%, Reuters reports. All licenses issued between January 14 and May 15 2013 - with the exception of the oil...

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