Kenya's lucrative mining industry has once again attracted the attention of the globe after two Australian companies combined forces to bid for the Mrima Hill rare earth project.
RareX Limited and Iluka Resources Limited, both from Australia, formed a consortium and submitted a proposal to Kenya's National Mining Corporation (NAMICO) in pursuit of the Mrima Hill rare earth-niobium-phosphate-manganese project in Kenya. ''Formal submission for Mrima Hill Rare Earths Project in Kenya has been made by the consortium to NAMICO under the Kenya Mining Act chapter 306, which, if successful, will see the proposal presented to the cabinet secretary for Mining, Blue Economy and Maritime Affairs to contemplate the formation of a joint venture with NAMICO,'' the statement by the Australian Security Exchange (ASX) read in part.
The Mrima Hill Project is located in Kwale County, less than 100 kilometers from Mombasa and 15 kilometers from the Indian Ocean coast, next to a sealed highway and close to geothermal power grids.
Mining and Blue Economy CS Ali Hassan Joho at a past event, January 1, 2025 Photo Ali Hassan Joho Considered a global significance for rare earth elements, Mrima Hill is a prospect for phosphate, niobium, and manganese.
