Acacia Mining Company Strikes Gold in Kenya

A mining company known as Acacia has struck gold in Kenya. The discovery of a ‘multi-million ounce’ gold stream reported in the western part of Kenya.

Acacia company initial tests find was one of Africa’s highest grade projects today, with the first step defining a gold-rich corridor in the east African nation.

Acacia reports of 1.31 million ounces at 12.1 grams per tonne, totalling to 1.3m ounces of gold.

The mining company further expects drilling work as it continues to increase the amount to at least 2m ounces by end 2017.

Acacia has six drilling rigs on the site and prospects to spend about $12m (£9.7m) this year on further exploring its Kenyan gold prospect.

The company CEO, Brad Gordon said Acacia was happy with the results so far. He thanked the mining stakeholders for extending their support in this exploration.

Gordon said Acacia is looking forward for continued support as the country progresses to this highly project.

Kenya’s Mining Cabinet Secretary, Dan Kazungu, said that the country was seeking to ratify its Mining Act to establish as “a robust legislative framework” to support its burgeoning mining industry.

Kazungu reiterated of his ministry's support into making the Acacia’s West Kenya Project a success. He noted the project could ultimately lead to the creation of mining industry that subsequently would have benefit to Kenya’s economy and its people.

Acacia has three operating mines in Tanzania. It also has projects in Burkina Faso and Mali.

 

Related Briefs

More from Shmuel Yosef Agnon

Turkish Army Destroy 12 PKK Positions in Northern Iraq

Turkish armed force decimated 12 PKK positions in airstrikes against the terrorist...
Read More
Comments