Marula secures manganese trading licence in Kenya
Marula Mining has announced it has purchased a mineral dealer’s trading license in Kenya. The acquisition signal a pivotal moment in its journey toward becoming a key player in Kenya’s mining industry. With a focus on efficient transactions, responsible practices, and economic development, the company is poised for significant growth and impact in the region.
Trading licence
With this license in hand, the company can now engage in buying, selling, and exporting manganese ores, facilitating its plans to boost production and tap into export markets. The license, valid until December 31, 2024, and renewable annually, not only allows Marula to handle increased volumes from the Larisoro Manganese Mine but also enables it to purchase manganese ores from other mining entities in Kenya. This broader scope aligns well with Marula’s ambition to establish itself as a prominent player in Kenya’s manganese sector.
Marula’s CEO, Jason Brewer expressed enthusiasm about this development, highlighting its importance in advancing the company’s strategy in the manganese industry. He emphasized the potential for strengthening partnerships with local mining sectors and communities, indicating a commitment to responsible and sustainable operations.
Moreover, Marula’s recent stake acquisition in the Larisoro Manganese Mine, through a binding terms sheet with Kenyan operator Gems and Industrial Minerals (GIM), underscores its commitment to growth in the region. This move not only secures a significant commercial interest in the mine but also positions Marula for further expansion and investment in Kenya’s manganese sector.
“We are confident that it will not only propel our growth here but also contribute meaningfully to the economic development of the regions in which we operate in Kenya, where we are looking to expand our activities further,” said CEO, Jason Brewer.
