Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Balala made his statement after the High Court earlier on Friday, upheld his decision to revoke mining licenses issued in 2013 to private firm, Cortec Mining Kenya Limited.

Kenya

Mrima Hills exploration to be done by Government

Balala made his statement after the High Court earlier on Friday, upheld his decision to revoke mining licenses issued in 2013 to private firm, Cortec Mining Kenya Limited.

Balala made his statement after the High Court earlier on Friday, upheld his decision to revoke mining licenses issued in 2013 to private firm, Cortec Mining Kenya Limited.

NAIROBI, Kenya, Mar 20 – The government has announced that no private firm or individual will be allowed to explore minerals at Mrima Hills in Kwale county.

The contentious exploration business of the niobium and rare earth metals at Mrima Hills will now be done by the State through the National Mining Corporation which is yet to be formed.

“We want the National Mining Corporation being a parastatal to be the custodian of this asset on behalf of the people of Kenya,” Balala said during a press briefing on Friday.

Balala made his statement after the High Court earlier on Friday, upheld his decision to revoke mining licenses issued in 2013 to private firm, Cortec Mining Kenya Limited.

Justice John Mutungi dismissed a case by the company associated with city businessman Jacob Juma to explore minerals in Mrima Hills, Kwale County arguing that the firm had indeed been given the license unprocedurally.

“Not even Cortec or any other company will be allowed to do exploration at Mrima. It will be handled on behalf of the people of Kenya and especially the people of Mrima and Kwale county as a whole,” Balala stood firm.

Justice Mutungi also ruled that CS Balala acted within the law when he revoked the Cortec license in 2014 together with other 42 other licenses.

“The minister was right and acted within the law in revoking the petitioners’ license as it was invalid and therefore liable to be canceled,” the judge ruled.

READ: Balala cancels mining licences issued from Jan-May

The court criticized the mining company for seeking courts intervention yet it had not complied with the laid down procedures.

Advertisement. Scroll to continue reading.

“A party which flouts the law to get an advantage cannot rely on courts to aid his advantageous position,” justice Mutungi said.

The minerals are estimated to be worth excess of $600 billion but following the new developments, the CS says the next step will now be to appoint a team of geologists who will get the actual value of the minerals.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...