RE: RRR debt calculation - and who holds it ?20 Nov 2024 15:08
Kenya- While I understand your point about the long time IMO Kenya is mostly to blame
1-RRR applied to place the tailings into production-approval was never granted
2-Kenya took the licenses away which after litigation Kenya was forced to renew the license.
3) it is a 3 year license but due to delays etct RRR has about 1 1/2 year remaining by the time the license gets renewed
then RRR has to apply for work permits etc which again takes time
4) political infighting , special interest etc
Dealing in Kenya as in most countries requires concentrated effort and take a lot of waiting around to show that you are serious about working in the country. This is what AB has been doing in DRC. AB simply does not have the time to push Kenya to faster action. Migori will continue to drift (IMO) until DRC is dealt with. In this case IMO AB is correctly prioritizing his time, effort and engergies.