Salim Mvurya forms multi a agency team to propose modalities for sharing royalties.
Mining CS said the team has until March to come up with the regulations.
The team is made up of officials from various state agencies.Section 183 of the Mining Act, 2016 provides that any holder of a mineral right shall pay royalties to the State in respect of the various mineral classes won under the mineral right.
By Maximilla Wafula
Political Reporter
17 January 2023 – 1:40
Mining Cabinet Secretary Salim Mvurya has formed a team of 15-member committee to come up with a framework for the sharing of mining royalties. Mining, Blue Economy and Maritime Affairs CS Salim Mvurya during the inaugural of the Minerals Royalty Committee at the Works building Nairobi on January 17,2023.
The team is made up of officials from various state agencies.Mvurya said the team has until March to come up with the regulations.He said while the Mining Act provides for the sharing formula, the modalities were unclear.
The CS spoke on Tuesday during the inauguration of the Minerals Royalty Committee.”What is clear to us that is that 70 per cent goes to the national government, 20 per cent to counties while communities take 10 per cent. But there is no clarity as to how it should be shared,” the CS said.
“The percentage going to the counties was clear and does not require any framework as it was provided in the Public Finance Management Act.”Section 183 of the Mining Act, 2016 provides that any holder of a mineral right shall pay royalties to the State in respect of the various mineral classes won under the mineral right.
Mining, Blue Economy CS Maurya’s plan to grow Kenya’s Blue Economy
He says fishing ports will have modernised fish landing sites and cold storage facilities.
Ends…..