Mining Act

22. Establishment of National Mining Corporation

Edition: 2026-07-24 · In force

22. Establishment of National Mining Corporation

(1)There is established the National Mining Corporation, which shall be the investment arm of the national government in respect of minerals.

(2)The Corporation shall be a body corporate with perpetual succession, and a common seal and shall, in its corporate name, be capable of—

(a)suing and being sued;

(b)taking, purchasing and disposing of movable and immovable property;

(c)borrowing money with the approval of the National Treasury in accordance with the relevant law;

(d)entering into contracts; and

(e)doing such other things as may be necessary for the proper discharge of its functions under this Act, which may be lawfully done or performed by a body corporate.

(3)The initial capital for the Corporation shall be monies appropriated by Parliament for that purpose.

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Source: Kenya Law