IN a significant development for Marula Mining’s operations in Kenya, the Africa-focused mining and exploration company’s Kenyan representative has obtained a mineral dealer’s trading licence, valid until December 31, 2024, and renewable annually. This licence empowers the company to conduct transactions involving the purchase, sale, and export of manganese ores.
The focus of this licence initially revolves around increased volumes from the Larisoro Manganese Mine, located in Samburu County, Kenya. Marula Mining plans to sell these manganese ores into export markets through new offtake agreements.
‘This milestone is pivotal for Marula as we advance our investment in the Larisoro Manganese Mine and seek to expand our presence in the Kenyan manganese sector,’ stated Marula CEO Jason Brewer. ‘Our aim is to boost production of high-grade manganese ores and establish ourselves as a key player in the export market.’
The acquisition of this licence not only allows Marula to transact with its own mine but also permits the purchase of manganese ores from other mining entities in Kenya, aligning with the company’s broader growth strategy in the sector.
Brewer emphasised the strategic importance of this milestone: ‘It enables us to engage in efficient manganese ore transactions and manage export and offtake arrangements with international counterparts. We are confident that this will drive our growth and contribute significantly to the economic development of the regions where we operate.’
Marula Mining recently announced its intention to acquire a stake in the Larisoro Manganese Mine through a binding terms sheet with Kenyan operator Gems and Industrial Minerals (GIM), securing an initial 60 percent commercial interest in the mine. This move underscores Marula’s commitment to expanding its footprint and investment in Kenya’s manganese industry, positioning itself as a key player in the country’s mining landscape.