×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Read on the App

600 Kenyans lose jobs as miner suspends operations

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.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in