How proposed mining law can make Kenya a destination for exploration

Titanium mining in Kenya’s Kwale County. The Mining Bill 2014 should consider the state of the global mining industry, key risks faced by investors and governments, and how they impact the mining industry. PHOTO | FILE

As representatives from Kenya’s two Houses of parliament — the National Assembly and Senate — come together in a mediation committee to finalise the Mining Bill 2014, it is time to consider the current state of the global mining industry, some of the key risks faced by both investors and governments in this sector and how they might impact the mining industry in Kenya.

The state of international commodity markets is no secret. The so-called super cycle or boom period of 2000-2011 has long passed while the slowdown in China and the sluggish recovery in Europe continue to negatively impact demand.