[Source: Business Daily, by Brian Ngugi]
East Africa-focused gold producer Shanta Gold has completed the acquisition of Canadian miner Barrick Gold’s assets in Kenya at a cost of Sh1.4 billion.
The London AIM-listed miner said Wednesday it will consequently move to fast-track gold production in Western Kenya where Barrick held licences for rights to mine gold over a 1,161 square kilometre area that straddles Kakamega, Kisumu, Siaya and Vihiga counties.
The area has gold deposits estimated at 1.1 million ounces, with a current market value of Sh186 billion…
