British Firm Finds 683bn Gold Deposit

Published: 19 Nov, 2025 09:02 Sources: S1S2S3 Category: Business Language: English Country: Kenya
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British firm Shanta Gold confirmed an estimated KSh 683 billion gold deposit at its Isulu–Bushiangala project in Kakamega County, calling it one of Kenya’s largest discoveries. An Environmental Impact Assessment report outlines plans for an underground mine that will require land acquisition and could resettle about 800 households. The firm projects an eight-year mine life, government royalty payments, and hundreds of jobs, while NEMA reviews environmental and community concerns.