This interesting article/interview recaps some of the questions that have dogged the controversial Tiomin project in Kwale and which I am sure have been covered during the 10 years that that it has taken the project to start.
Such as:
- What is the true value of the Tiomin resource? $1,3-billion, or $11-billion? Given the current debate of whether mining & oil should disclose all their payments some of the figures which are bandied about need to be reviewed.
- Why was the approval of the Toronto stock exchange required for a Canadian-Chinese finance deal based in Kenya? Where’s the NSE & CMA?
- Was it really cheaper to construct a value adding processing plant in Canada than in Kenya? And that is after shipping the raw product to Canada?
- Why was an environmental-impact assessment (EIA) by a South African consultancy firm used and a Kenyan one ignored? And isn’t our NEMA the ultimate arbiter on environmental issues?
The article notes that most opposition to the project was because Tiomin was accused of being sketchy on the finer details of the project.
I hope when we find Oil, (and it’s only a matter of time, si Uganda has already found theirs?!), the benefits will accrue within Kenya.
Such as:
- What is the true value of the Tiomin resource? $1,3-billion, or $11-billion? Given the current debate of whether mining & oil should disclose all their payments some of the figures which are bandied about need to be reviewed.
- Why was the approval of the Toronto stock exchange required for a Canadian-Chinese finance deal based in Kenya? Where’s the NSE & CMA?
- Was it really cheaper to construct a value adding processing plant in Canada than in Kenya? And that is after shipping the raw product to Canada?
- Why was an environmental-impact assessment (EIA) by a South African consultancy firm used and a Kenyan one ignored? And isn’t our NEMA the ultimate arbiter on environmental issues?
The article notes that most opposition to the project was because Tiomin was accused of being sketchy on the finer details of the project.
I hope when we find Oil, (and it’s only a matter of time, si Uganda has already found theirs?!), the benefits will accrue within Kenya.
