Kenya Fluorspar Company
TypePrivately held company
IndustryMining
Founded1971 (as Fluorspar Company of Kenya)
Defunct2018
HeadquartersKimwarer, Elgeyo-Marakwet County, Kenya
Area served
Worldwide
Key people
Charles Field-Marsham (chairman and CEO)
ProductsFluorite
Websitekenyafluorspar.com

The Kenya Fluorspar Company is a privately held mining company in Kenya. It is located in Kimwarer, a village in the southern part of the Kerio Valley in Elgeyo-Marakwet County.

History

In 1967, fluorspar deposits were first discovered in the Kerio Valley, and the Kenyan government established the Fluorspar Company of Kenya to exploit them on a large scale. The company went into receivership in 1979, as Kenya Fluorspar, another government-owned company, bought the assets and took over operations. In 1996, Canadian businessman Charles Field-Marsham acquired Kenya Fluorspar as part of a government reform effort of corporate privatization, entering into a 20-year lease with the government for 3,664 hectares of land..[1][2]

Kenya Fluorspar halted its mining operations in February 2009 due to an economic downturn, laying off 190 workers, but it resumed operations in June 2010. Operations were scaled down in June 2015, with the company laying off 75 workers and attempting to sell its existing fluorspar stock.[3][4]

In February 2016, the company announced that it would halt operations again, citing weak global fluorspar demands. By June, the company had halted its operations and laid off approximately 300 directly employed workers.[5][6] The company's land lease expired in March 2018 and was not renewed.[7] In April 2018, control of the company's mine and various assets reverted to the Kenyan government.[8]

In January 2018, it was announced that the Kenyan government set up a task force to see out the compensation of over 4,000 land owners who were displaced to make way for the company's mining activities in the 1970s.[9] However, disputes among locals over the mode of compensation, with some seeking alternative land and others demanding money, as well as disagreements between locals and state officials over the amount owed, have delayed the process.[10]

Operations

Kenya Fluorspar's mining operations take place on land leased to the company by the Government of Kenya. The land was acquired in 1976 through a compulsory purchase order and compensation paid by the government.[11] Much of its product is exported to India and Europe.[12] In 2005, production was valued at $14 million.[13]

In March 2012, the company completed a de-bottlenecking of its processing plant to increase its total capacity to 120,000 tonnes, up from 108,000 tonnes in 2011.[14]

The company has asserted that it had taken various steps to address environmental concerns, such as through dust and spillage reduction, water purification and recycling, and tree planting.[15] The company complies with NEMA requirements and holds a certificate of environmental compliance.[16]

Community work and sponsorship

It is a leading employer in the area with 400 workers and its corporate social responsibilities program provides health, education and other facilities to its e yees and the local community.[17]

The company sponsors an annual 10 Kilometres road running competition in Kerio Valley [18] and the Fluorspar FC playing in Nationwide League.[19][20]

Corporate social responsibility

In 2008, the company sponsored an annual 10 km road running competition in Kerio Valley and the football team Fluorspar F.C., which competed in the Nationwide League.[21][22]

In August 2012, the company launched a taekwondo gym known as the Kenya Fluorspar Centre in Kerio Valley.[23]

See also

References

  1. ↑ "Fluorspar company in Kenya halts operations, lays off workers". The East African. Retrieved 2019-06-16.
  2. ↑ "The East African: - News|Flourspar enters European market despite Chinese competition". 2011-07-20. Archived from the original on 2011-07-20. Retrieved 2019-06-16.
  3. ↑ "Kenya flourspar company resumes mining operations". The Standard. Retrieved 2019-06-16.
  4. ↑ "Kenyans to lose jobs in firm's closure". Daily Nation. Retrieved 2019-06-16.
  5. ↑ "Kenya Fluorspar halts operations, sends home all staff". Capital Business. 2016-02-18. Retrieved 2019-06-16.
  6. ↑ "Kenya Flourspar Company shuts down tomorrow". The Star. Retrieved 2019-06-16.
  7. ↑ "Battle for compensation as flourspar mining firm exits". Business Daily. October 14, 2018. Retrieved 2019-06-16.
  8. ↑ "Fluorspar: Kenya Fluorspar ends Kerio Valley mine operations". Roskill. Retrieved 2020-02-12.
  9. ↑ Kibor, Fred. "Kerio Valley families displaced by fluorspar firm to get compensation". The Standard. Retrieved 2019-06-16.
  10. ↑ "Fresh dispute over pay stalls bid to revive fluorspar mining". Daily Nation. Retrieved 2019-06-16.
  11. ↑ "Kenya Fluorspar Company Ltd (KFC) | Properties for sale and to let". 2013-06-19. Archived from the original on 2013-06-19. Retrieved 2019-06-17.
  12. ↑ "Fluorspar Statistics and Information". www.usgs.gov. Retrieved 2019-06-17.
  13. ↑ "Flourspar mining set to be the real big earner". Daily Nation. Retrieved 2019-06-17.
  14. ↑ Hodge, Brian (October 2012). "Fluorspar illuminated" (PDF). Industrial Minerals.
  15. ↑ "Environment". 2013-06-25. Archived from the original on 2013-06-25. Retrieved 2019-06-17.
  16. ↑ "Kenya Fluorspar Company-NEMA Compliance and Environmental Policy – Kenya Document Exchange". 2013-09-02. Archived from the original on 2013-09-02. Retrieved 2019-06-17.
  17. ↑ The East African, September 15, 2008: Flourspar enters European market despite Chinese competition (page 2) Archived 2011-07-20 at the Wayback Machine
  18. ↑ IAAF, September 21, 2008: Kibet and Kibarus overcome hot and humid conditions to win over 10km in Eldoret
  19. ↑ Kenya Fluorpar Company, June 27, 2008: Fluorspar sponsored football team
  20. ↑ Kenyafootball, November 13, 2008: Nationwide Updates: AFC Leopards tops Zone ‘A’ Archived 2010-01-02 at the Wayback Machine
  21. ↑ "iaaf.org - Kibet and Kibarus overcome hot and humid conditions to win 10km in Eldoret". 2008-09-22. Archived from the original on 2008-09-22. Retrieved 2019-06-17.
  22. ↑ "Kenya Football .:. Story - Nationwide Updates: Afc Leopards Tops Zone A". 2010-01-02. Archived from the original on 2010-01-02. Retrieved 2019-06-17.
  23. ↑ "World-class gym for Kerio Valley". Daily Nation. Retrieved 2019-06-17.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.