No Result
View All Result
  • Login
Tuesday, May 5, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

by FeeOnlyNews.com
6 months ago
in Business
Reading Time: 3 mins read
A A
0
Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China
Share on FacebookShare on TwitterShare on LInkedIn


Division and suspicion have gripped five villages near Kenya’s coast as global powers from the United States to China eye a forest that is rich in rare earths, minerals vital to high-tech and low-carbon industries.

The US government under President Donald Trump has made securing critical minerals central to its diplomacy in Africa, including through a peace deal in the resource-rich Democratic Republic of Congo this year.

Mrima Hill, a forest of around 390 acres near Kenya’s Indian Ocean coastline, could be another target. It sits quietly on huge rare-earth deposits that Cortec Mining Kenya, a subsidiary of UK and Canada-based Pacific Wildcat Resources, estimated in 2013 were worth $62.4 billion, including large stores of niobium, used to strengthen steel.

US official Marc Dillard visited the hill in June when he was serving as the interim ambassador to Kenya.

Live Events

Other foreigners also attempted to visit in recent months, including Chinese nationals who were turned away, according to Juma Koja, a guard for the Mrima Hill community.An Australian consortium of mining firms RareX and Iluka Resources announced a bid this year to mine rare earths on the site, and locals say land speculators are flocking to the area.

Buried riches

The interest is worrying the community, mostly of the Digo ethnic group, who fear they will be evicted or denied a share in future mining windfalls.

The lush forest is home to their sacred shrines and has long supported farming and livelihoods, though today more than half the population lives in extreme poverty, according to government data.

AFP was initially barred access to the forest.

“People come here with big cars… but we turn them away,” said Koja.

His stance stems from past encounters with prospective investors — a process he says was not transparent.

“I do not want my people to be exploited,” he said.

Kenya revoked a mining licence in 2013 that had been granted to Cortec Mining Kenya, citing environmental and licensing irregularities.

Cortec claimed in court that the licence was revoked after it refused to pay a bribe to then-mining minister Najib Balala, an allegation he denied. The company lost multiple legal efforts over the revocation.

In 2019, Kenya imposed a temporary ban on new mining licences over concerns about corruption and environmental degradation.

But it now sees a major opportunity, particularly as China — the biggest source of rare earths — increasingly limits its exports.

Kenya’s mining ministry announced “bold reforms” this year, including tax breaks and improved licensing transparency, aimed at attracting investors and boosting the sector from 0.8 percent of GDP to 10 percent by 2030.

Daniel Weru Ichang’i, a retired economic geology professor at the University of Nairobi, said Kenya had a long way to go, especially in gathering reliable data on its resources.

“There’s a romantic view that mining is an easy area, and one can get rich quickly… We need to sober up,” he told AFP.

“Corruption makes this area, which is very high-risk, less attractive to invest in.”

Competition between the West and China is driving up prices, but if the country wants to profit, it “must stick to the law, and individual interests must be subjugated to that of the nation,” he said.

‘Mrima is our life’

On Mrima Hill, locals worry for their livelihoods, sacred shrines, medicinal plants, and the forest they have known all their lives.

“This Mrima is our life… Where will we be taken?” said Mohammed Riko, 64, vice chairman of the Mrima Hill Community Forest Association.

Koja is concerned about the loss of unique indigenous trees like the giant orchid, already a problem before mining has even started.

“In my heart I am crying. This Mrima has endangered species that we are losing,” he said.

But others, like Domitilla Mueni, treasurer of the Mrima Hill association, see an opportunity.

She has been developing her land — planting trees, farming — in order to push up the value when mining companies come to buy.

“Why should we die poor while we have minerals?” she said.



Source link

Tags: AvatarbattlegroundChinaHillKenyarareearthRealWorldsacredturns
ShareTweetShare
Previous Post

Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

Next Post

U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

Related Posts

Americans are giving less. July 4th can be a day to change that

Americans are giving less. July 4th can be a day to change that

by FeeOnlyNews.com
May 5, 2026
0

Charitable giving, once a defining feature of American life, is quietly slipping out of fashion. In recent years, the share...

ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

by FeeOnlyNews.com
May 5, 2026
0

Shares of ideaForge Technology Limited witnessed significant bulk deal activity on Tuesday, with multiple institutional investors picking up stakes in...

Crypto Whale Sues Coinbase Alleging Exchange Refuses to Return Stolen Funds

Crypto Whale Sues Coinbase Alleging Exchange Refuses to Return Stolen Funds

by FeeOnlyNews.com
May 5, 2026
0

An anonymous crypto whale based in Puerto Rico sued Coinbase this week, accusing the crypto exchange of failing to release...

Google DeepMind workers in the U.K. vote to unionize over military AI contracts

Google DeepMind workers in the U.K. vote to unionize over military AI contracts

by FeeOnlyNews.com
May 5, 2026
0

Google’s UK-based DeepMind workers have launched a bid to form what would be the world’s first union at a frontier...

Israelis’ wealth grows 80% in six years

Israelis’ wealth grows 80% in six years

by FeeOnlyNews.com
May 5, 2026
0

Rising stock markets along with growth in pension and provident fund savings have generated unprecedented wealth for the Israeli...

Israel’s most expensive home up for sale

Israel’s most expensive home up for sale

by FeeOnlyNews.com
May 5, 2026
0

Russian-Israeli oligarch Valery Kogan has struggled to find a buyer for his house in Caesarea, which is likely the...

Next Post
U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

CFTC Chairmanship: Trump Taps SEC’s Michael Selig For Top Role

CFTC Chairmanship: Trump Taps SEC’s Michael Selig For Top Role

  • Trending
  • Comments
  • Latest
The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

April 17, 2026
Wells Fargo Transfer Partners: What to Know

Wells Fargo Transfer Partners: What to Know

April 16, 2026
Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

April 6, 2026
The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

April 21, 2026
The Justice Department Indicts the Ministry of Love

The Justice Department Indicts the Ministry of Love

May 2, 2026
LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

April 16, 2026
Coffee Break: Armed Madhouse – Endangered Warships

Coffee Break: Armed Madhouse – Endangered Warships

0
Alarm bells raised over fintech firm’s bank purchase

Alarm bells raised over fintech firm’s bank purchase

0
Anthropic CEO warns ‘moment of danger’ as Mythos exposes vulnerabilities

Anthropic CEO warns ‘moment of danger’ as Mythos exposes vulnerabilities

0
ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

0
Coinbase cuts 14% of staff as Armstrong ties cost reset to AI and market volatility

Coinbase cuts 14% of staff as Armstrong ties cost reset to AI and market volatility

0
Florida Senior Resource: SHINE Counselors Help Compare Medicare Plans—Saving Some Enrollees Hundreds Each Year

Florida Senior Resource: SHINE Counselors Help Compare Medicare Plans—Saving Some Enrollees Hundreds Each Year

0
Anthropic CEO warns ‘moment of danger’ as Mythos exposes vulnerabilities

Anthropic CEO warns ‘moment of danger’ as Mythos exposes vulnerabilities

May 5, 2026
Florida Senior Resource: SHINE Counselors Help Compare Medicare Plans—Saving Some Enrollees Hundreds Each Year

Florida Senior Resource: SHINE Counselors Help Compare Medicare Plans—Saving Some Enrollees Hundreds Each Year

May 5, 2026
Coinbase cuts 14% of staff as Armstrong ties cost reset to AI and market volatility

Coinbase cuts 14% of staff as Armstrong ties cost reset to AI and market volatility

May 5, 2026
Americans are giving less. July 4th can be a day to change that

Americans are giving less. July 4th can be a day to change that

May 5, 2026
Coffee Break: Armed Madhouse – Endangered Warships

Coffee Break: Armed Madhouse – Endangered Warships

May 5, 2026
ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

May 5, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Anthropic CEO warns ‘moment of danger’ as Mythos exposes vulnerabilities
  • Florida Senior Resource: SHINE Counselors Help Compare Medicare Plans—Saving Some Enrollees Hundreds Each Year
  • Coinbase cuts 14% of staff as Armstrong ties cost reset to AI and market volatility
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.