Wednesday, December 13, 2006

Tiomin Delay

Tiomin has sent notice that it will “delay construction of the
Kwale Project until the Government of Kenya resolves all land related issues” – i.e. some farmers have objected to the price they are being forced to give up their land to the project.

I think it is okay to ask it Tiomin will add value to Kenya: Are mining companies the right kind of investors for Africa anymore? Their legacy in most countries is not good and the Tiomin parent group has a history in South Africa. And when you look at the Fluorspar mines and companies like Magadi Soda that have been in Kenya for a hundred years, what is their contribution to the employment, the economy, citizens, and the government in form of taxes compared to five year old Safaricom and Celtel?

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