Kenya wins Sh6.24 trillion mining licence dispute
The slain businessman Jacob Juma was the local face of Cortec Mining Kenya (CMK) Limited. PHOTO A Canadian company that used political connections and boardroom manoeuvres to get an exclusive mining licence for Sh6.24 trillion (US$62.4 billion) worth of minerals in Kwale County has lost its attempt to bulldoze the government to reinstate the permit — ending what had turned out to be the biggest auction of Kenya’s natural resources in history. The case by the Canadian company has exposed what had gone behind the scenes in the quest for an exclusive licence. CIRCUMVENT Cortec Mining Kenya (CMK) Limited, whose local face was controversial tenderpreneur Jacob Juma, had sued the government at the International Centre for Settlement of Investment Disputes arising out of a mining project at Mrima Hill said to contain one of the world's largest undeveloped niobium and rare earth deposits. Mr Juma, who was later killed in May 2016 by unknown people, was — according to the government — bro...