The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Kenya Fluorspar Company MD Nico Spangenberg. [PHOTO: KEVIN TUNOI/STANDARD]
Hundreds of workers at Kenya Fluorspar are staring at job losses after the company announced plans to suspend operations indefinitely.
The mining firm based in Kerio Valley cited that a sustained slump in prices and falling demand for the mineral in the global markets had resulted in massive losses. Mining operations will be suspended on April 30, according to the firm’s Managing Director Nico Spangenberg.
Premium Article
Get Full Access for Ksh299/Week.
Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
🔥 Easter Sale Ends Tonight!
Subscribe now and enjoy 50% off monthly and annual plans. Offer ends in…