Mining group Anglo American says it is taking a $4bn (£2.5bn) writedown after a review of costs at its Minas-Rio iron ore project in Brazil.
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Kenya has benefited from its tourism industry, but it falls behind its neighbouring countries when it comes to mining. While focussing on developing leisure, farming, manufacturing and service industries, until recent years mining exports only amounted to around 1% of the country’s GDP.
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Iron Mining In Kenya . Kenya to host regional mining conference to explore investment opportunities july 27, 2017.Gold and iron ore.Export statistics for kenya indicate a constantly growing sector.The recent discoveries are estimated to be worth 62.4 billion u.S.Dollars and delagneau said this will propel kenya to the list of top five countries with rare earth.
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