Red Rock submits application for lease in Kenya
Red Rock Resources, an exploration and mining company, has submitted an application for a mining lease covering the Macalder Tailings Reprocessing Project (MTRP) in south west Kenya.
Red Rock Resources, an exploration and mining company, has submitted an application for a mining lease covering the Macalder Tailings Reprocessing Project (MTRP) in south west Kenya.
The tailings - ground rock and process effluents that are generated in a mine processing plant - include 1.3m tonnes of Joint Ore Reserves Committee measured resource at a grade of 1.65g per tonne gold.
As part of the application the firm is currently completing an environmental impact assessment (EIA), which includes community consultations to gauge the opinions, concerns, and expectations of those affected by the MTRP. The EIA is expected to be completed later this year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Red Rock Chairman Andrew Bell said: "The submission of our first mining lease application in Kenya is an important milestone and demonstrates the progress that is being made. We look forward to engaging with the local community and all stakeholders in order to take the project forward to construction and commissioning."
The share price fell 8.85% to 1.70p by 13:15.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
8 of the best riverside properties for sale
The best riverside properties for sale – from a Grade II-listed former mill house with views over the River Chelmer in Essex, to a townhouse on a Georgian terrace overlooking the Avon Gorge in Clifton, Bristol
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?