Jobs on the line as firm set to shut down over slump in mineral prices

Fluorspar mining at Kerio Valley. Kenya Fluorspar Company plans to leave the market on April 30, 2016. FILE PHOTO | NATION MEDIA GROUP

What you need to know:

  • The exit of Kenya Fluorspar Company leaves South Africa and Morocco as the remaining African countries active in the mining of the mineral.
  • South Africa produces 300,000 tonnes annually, Morocco 100,000 tonnes while Kenya produces an average of 120,000 tonnes.
  • The firm is the lifeblood of the semi-arid Kerio Valley region. About 700 people are directly and indirectly dependent on the company.
  • It is used in the manufacture of steel, air conditioning systems, electronics, glass fibre, aluminium and refrigeration gases.

A Kerio Valley-based mining company is set to lay off its workers as it begins winding up its operations due to a global slump in fluorspar prices and stiff competition in the sector.

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