The fluorspar mining company, which ceased operations nine years ago, is set to resume within the next six months, bringing renewed hope to the residents of Keiyo South Sub County and the broader Elgeyo Marakwet County. Cabinet Secretary for the Ministry of Mining, Salim Mvurya, assured over 200 families who had relinquished their 4,329 parcels of land for the establishment of the company that they would be compensated. The investor, Fujax-Soy, will inject Sh4.8 billion into the revival of the mining operations.
CS Mvurya emphasized that the company would adhere strictly to the Mining Act of 2016, ensuring that 70% of royalties would be paid to the National Treasury, 20% to the County Government, and 10% to the local community. Additionally, as part of its corporate social responsibility (CSR), the company will collaborate with the community to enhance schools, hospitals, and other essential services during its operational period in the area.
The CS also highlighted that the company would prioritize hiring qualified local residents for various positions and ensure they receive tenders to supply various goods. He directed the PS Mining, Elijah Mwangi, to establish a local testing laboratory to conduct testing and sampling of the minerals on-site.
PS Mwangi announced that the company had been granted a 25-year lease, with the land remaining government property. Upon the lease’s expiration, the land and all movable assets will revert to the government. Additionally, the government will hold a 15% stake in the company, and a government-appointed director will join the company’s board to safeguard government and community interests.
Fujax UK Regional Director Hendrick Ryst pledged to work closely with the local community to revive the fluorspar mining company. Local leaders, including Governor Wisley Rotich, Senator William Kisang, Women Representative Jane Ngelechei, and area MP Gideon Kimaiyo, expressed their support for the company’s return, noting that it would provide employment opportunities for the youth and increase county revenue.
Youth leader Bernard Chemase encouraged the youth to form groups and seek loans from banks to purchase lorries, thereby benefiting from the transportation of the minerals.
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