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Kenya’s mining ministry on Wednesday said the country’s senate had passed a mining bill which will give the government a 10 percent stake in new projects, taking it a step closer becoming law.

The bill was approved by the national assembly last year and now needs to be signed by President Uhuru Kenyatta, which is usually a formality.

Kenya exports titanium, fluorspar and manganese and has reserves of coal, niobium and rare earths, but mining currently accounts for less than 1 percent of its economic output.

Reuters

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