The K92 mine in Eastern highlands is looking to produce in the order of 50, 000 ounces (oz) of gold together with a few thousand tons of copper annually once into full operations starting next year.
Chief executive officer and director of K92 Mining Incorporation, John Lewins made this known yesterday.
When asked about the annual revenue generation of the mine and local landowners beneficiaries once operations of the mine is underway, Mr Lewins said 60 per cent of the mine employees come from the local landowner groups.
“We employ 500 people and 60 per cent of those are local landowners,” said Mr Lewins.
He said wages going into the local community is in the order of K7-8 million.
“Business opportunities, we still working through with the local communities,” he said.
Mr Lewins said as the mine progresses, business opportunities will gain in access of up to K2 million profit going into the community, which is still not the total value of the contract will be higher.
He said the developer is looking at doubling production by the end of 2018, and doubles opportunities.
Mr Lewins said the approach is something the developer has to work through with the community and as well is part of the MOA.
MRA K92 mine project coordinator, James Norum said with the country’s Mining Act review, a concern by stakeholders is pending completion conducted by Department of Mineral Policy and Geohazards.