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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.
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