No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, March 30, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
A A
Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China
Share on FacebookShare on TwitterShare on LInkedIn


Division and suspicion have gripped five villages near Kenya’s coast as global powers from the United States to China eye a forest that is rich in rare earths, minerals vital to high-tech and low-carbon industries.

The US government under President Donald Trump has made securing critical minerals central to its diplomacy in Africa, including through a peace deal in the resource-rich Democratic Republic of Congo this year.

Mrima Hill, a forest of around 390 acres near Kenya’s Indian Ocean coastline, could be another target. It sits quietly on huge rare-earth deposits that Cortec Mining Kenya, a subsidiary of UK and Canada-based Pacific Wildcat Resources, estimated in 2013 were worth $62.4 billion, including large stores of niobium, used to strengthen steel.

US official Marc Dillard visited the hill in June when he was serving as the interim ambassador to Kenya.

Live Events

Other foreigners also attempted to visit in recent months, including Chinese nationals who were turned away, according to Juma Koja, a guard for the Mrima Hill community.An Australian consortium of mining firms RareX and Iluka Resources announced a bid this year to mine rare earths on the site, and locals say land speculators are flocking to the area.

Buried riches

The interest is worrying the community, mostly of the Digo ethnic group, who fear they will be evicted or denied a share in future mining windfalls.

The lush forest is home to their sacred shrines and has long supported farming and livelihoods, though today more than half the population lives in extreme poverty, according to government data.

AFP was initially barred access to the forest.

“People come here with big cars… but we turn them away,” said Koja.

His stance stems from past encounters with prospective investors — a process he says was not transparent.

“I do not want my people to be exploited,” he said.

Kenya revoked a mining licence in 2013 that had been granted to Cortec Mining Kenya, citing environmental and licensing irregularities.

Cortec claimed in court that the licence was revoked after it refused to pay a bribe to then-mining minister Najib Balala, an allegation he denied. The company lost multiple legal efforts over the revocation.

In 2019, Kenya imposed a temporary ban on new mining licences over concerns about corruption and environmental degradation.

But it now sees a major opportunity, particularly as China — the biggest source of rare earths — increasingly limits its exports.

Kenya’s mining ministry announced “bold reforms” this year, including tax breaks and improved licensing transparency, aimed at attracting investors and boosting the sector from 0.8 percent of GDP to 10 percent by 2030.

Daniel Weru Ichang’i, a retired economic geology professor at the University of Nairobi, said Kenya had a long way to go, especially in gathering reliable data on its resources.

“There’s a romantic view that mining is an easy area, and one can get rich quickly… We need to sober up,” he told AFP.

“Corruption makes this area, which is very high-risk, less attractive to invest in.”

Competition between the West and China is driving up prices, but if the country wants to profit, it “must stick to the law, and individual interests must be subjugated to that of the nation,” he said.

‘Mrima is our life’

On Mrima Hill, locals worry for their livelihoods, sacred shrines, medicinal plants, and the forest they have known all their lives.

“This Mrima is our life… Where will we be taken?” said Mohammed Riko, 64, vice chairman of the Mrima Hill Community Forest Association.

Koja is concerned about the loss of unique indigenous trees like the giant orchid, already a problem before mining has even started.

“In my heart I am crying. This Mrima has endangered species that we are losing,” he said.

But others, like Domitilla Mueni, treasurer of the Mrima Hill association, see an opportunity.

She has been developing her land — planting trees, farming — in order to push up the value when mining companies come to buy.

“Why should we die poor while we have minerals?” she said.



Source link

Tags: AvatarBattlegroundChinaHillKenyarareearthRealWorldsacredTurns
ShareTweetShare
Previous Post

Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

Next Post

How Long After Death Must Probate Be Filed in North Carolina?

Related Posts

edit post
As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

by TheAdviserMagazine
March 30, 2026
0

Good morning. Will a war-induced recession inspire CEOs to speak out against the Trump administration? Economists like Moodys’ Mark Zandi...

edit post
Israeli tech startups raise .1b in first quarter

Israeli tech startups raise $3.1b in first quarter

by TheAdviserMagazine
March 30, 2026
0

In the first quarter of 2026, Israel technology startups raised $3.1 billion in 98 investment rounds, 34% more than...

edit post
Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

by TheAdviserMagazine
March 30, 2026
0

Indian stock markets will remain shut on March 31 as BSE and National Stock Exchange (NSE) will remain closed for...

edit post
Bank stocks fall up to 3% as RBI forex clampdown sparks Rs 4,000 crore loss fears

Bank stocks fall up to 3% as RBI forex clampdown sparks Rs 4,000 crore loss fears

by TheAdviserMagazine
March 30, 2026
0

Banking stocks plunged up to 3% on Monday as investors fled on fears that the Reserve Bank of India's emergency...

edit post
Sai Parenteral’s IPO allotment likely today: Check status, GMP, other details

Sai Parenteral’s IPO allotment likely today: Check status, GMP, other details

by TheAdviserMagazine
March 29, 2026
0

The share allotment for Sai Parenteral’s IPO is likely to be finalised by today. Investors who applied for the mainboard...

edit post
ICE agents called in to help ease airport security lines may not be leaving anytime soon

ICE agents called in to help ease airport security lines may not be leaving anytime soon

by TheAdviserMagazine
March 29, 2026
0

Even after President Donald Trump ordered emergency pay for Transportation Security Administration agents to ease long security lines, major U.S. airports on Sunday...

Next Post
edit post
How Long After Death Must Probate Be Filed in North Carolina?

How Long After Death Must Probate Be Filed in North Carolina?

edit post
U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

U.S. Stocks Are Breaking Records. The Rest of the World Is Doing Better.

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Publix to Open 5 New Stores by End of April. See Upcoming Locations.

Publix to Open 5 New Stores by End of April. See Upcoming Locations.

March 20, 2026
edit post
Hospitals in This State Routinely Sue Patients Over Unpaid Bills

Hospitals in This State Routinely Sue Patients Over Unpaid Bills

March 27, 2026
edit post
Who Is Legally Next of Kin in North Carolina?

Who Is Legally Next of Kin in North Carolina?

February 28, 2026
edit post
The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

March 2, 2026
edit post
Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

0
edit post
World Liberty Bank Charter Review Continues Despite Warren’s Criticism

World Liberty Bank Charter Review Continues Despite Warren’s Criticism

0
edit post
Cutsinger’s Solution: Housing Quantity and Price

Cutsinger’s Solution: Housing Quantity and Price

0
edit post
As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

0
edit post
Pharmacists Warn: Mixing These 5 Common Prescriptions Can Trigger Memory Loss in Older Adults

Pharmacists Warn: Mixing These 5 Common Prescriptions Can Trigger Memory Loss in Older Adults

0
edit post
US Consumer Sentiment Dips in March as Iran War Stokes Recession Fears

US Consumer Sentiment Dips in March as Iran War Stokes Recession Fears

0
edit post
Cutsinger’s Solution: Housing Quantity and Price

Cutsinger’s Solution: Housing Quantity and Price

March 30, 2026
edit post
As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

March 30, 2026
edit post
Israeli tech startups raise .1b in first quarter

Israeli tech startups raise $3.1b in first quarter

March 30, 2026
edit post
Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

March 30, 2026
edit post
People who laugh at their own pain before anyone else can aren’t resilient. They’ve simply learned that if they get to the joke first, nobody gets to decide whether it was serious, and that preemptive deflection has been protecting something very specific since childhood.

People who laugh at their own pain before anyone else can aren’t resilient. They’ve simply learned that if they get to the joke first, nobody gets to decide whether it was serious, and that preemptive deflection has been protecting something very specific since childhood.

March 30, 2026
edit post
Bank stocks fall up to 3% as RBI forex clampdown sparks Rs 4,000 crore loss fears

Bank stocks fall up to 3% as RBI forex clampdown sparks Rs 4,000 crore loss fears

March 30, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Cutsinger’s Solution: Housing Quantity and Price
  • As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump
  • Israeli tech startups raise $3.1b in first quarter
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.