Oil raises Kilembe Mine’s stakes

Four years after government mooted a plan to sell off the Kilembe Mines Limited (KML) the deal still hangs in balance. It is emerging that the discoveries of oil in the rift valley region and new technology that can extract cobalt from copper tailings have perfectly pushed up the value of Kilembe mines.

Sources familiar with this stalled transaction say Kilembe mines falls in the oil belt and also the recent government mineral aerial survey revealed new findings forcing government back on

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