Kenya to Become a Major Mineral Producer.

16 Sep

13th September 2010, the East African Standard wrote an headline titled ‘Kenya Strikes Gold’. The gold struck here unlike the athletics ones we know, is what transformed South Africa into an African economic hub and cursed Congo into conflict and war.

Today, The Business Daily reports today of a mining in Mrima Hill that has the potential to earn the country approximately Kshs 270 billion. The mine operated by Cortec is expected to exploit REO minerals after getting the approval by government and environmental agency NEMA. Cortec estimates this minerals reserves to be third largest after Brazil and Canada.

By Octoper, UK’s Goldpath will have recieved exploitation of Gold licence and together with a chinese firm set to extract coal, Kenya could soon be joining the big producers of minerals world wide.

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