Kwale's Mrima hill mineral riches could be worth Sh5.4 trillion

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Mrima Hill, in Kwale County is among the top five regions in the world with rare earth deposits, with a potential in-ground value of up to Sh5.4 trillion.

Lab results released by Cortec Mining Kenya Ltd, indicate that Niobium, valued at Sh3 trillion ($35 billion) exist in the area, in what confirms the hill as Kenya’s largest mineral deposit.

Mrima Hill’s rare earth deposit is targeted at approximately 40 million tonnes with a concentration of approximately 5 per cent total rare earth oxides.
Read more: www.standardmedia.co.ke/m/story

$100 billion hidden mineral deposits
Kenya’s profile as a potential top rare earth minerals producer rose a rung higher after mineral explorer Cortec announced it had found deposits worth $62.4 billion.
Mrima Hill, in the coastal county of Kwale, has one of the top five rare earth deposits in the world. The area also has niobium deposits estimated to be worth $35 billion.
Read more: www.theeastafrican.co.ke/news