No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, November 15, 2025
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
3 weeks 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
Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

by TheAdviserMagazine
November 15, 2025
0

WASHINGTON: MAGA supremo Donald Trump on Friday unloaded on a one-time loyalist lawmaker after she broke ranks and mutinied on...

edit post
Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

by TheAdviserMagazine
November 15, 2025
0

Just like the president who came before him, Trump is trying to sell the country on his plans to create...

edit post
Vanguard reveals what could be coming for US stocks. Here’s why it’s raising alarm bells for retirees

Vanguard reveals what could be coming for US stocks. Here’s why it’s raising alarm bells for retirees

by TheAdviserMagazine
November 15, 2025
0

seventyfourimages/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Vanguard pioneered the...

edit post
Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin slump won’t sway him, bets on “The Big Print” boosting gold, silver, crypto

Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin slump won’t sway him, bets on “The Big Print” boosting gold, silver, crypto

by TheAdviserMagazine
November 15, 2025
0

Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, has weighed in on the recent volatility across global markets, including...

edit post
Meet the 73-year-old who splits his time between Panama and the U.S.: ‘0 is my cost of living, plus food’

Meet the 73-year-old who splits his time between Panama and the U.S.: ‘$500 is my cost of living, plus food’

by TheAdviserMagazine
November 15, 2025
0

With so many Americans burnt out from U.S. hustle culture and high living costs, expats are finding that Panama is...

edit post
F&O Talk | Nifty rebounds 700 pts from key support; path opens for 26,200–26,500 targets: Sudeep Shah

F&O Talk | Nifty rebounds 700 pts from key support; path opens for 26,200–26,500 targets: Sudeep Shah

by TheAdviserMagazine
November 15, 2025
0

Markets delivered a solid rebound this week, finishing decisively in the green after a brief period of weakness. Optimism was...

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
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
8 States Offering Special Cash Rebates for Residents Over 65

8 States Offering Special Cash Rebates for Residents Over 65

November 9, 2025
edit post
How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

0
edit post
Government Shutdown Ends, But Seniors Still Feel the Ripple Effects

Government Shutdown Ends, But Seniors Still Feel the Ripple Effects

0
edit post
Berkshire Hathaway’s surprising new tech stake

Berkshire Hathaway’s surprising new tech stake

0
edit post
Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

0
edit post
Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

0
edit post
‘Dawson’s Creek’ Star James Van Der Beek Is Selling Memorabilia ‘to Help With the Financial Cost of Fighting Cancer,’ Highlighting Medical Care Expenses

‘Dawson’s Creek’ Star James Van Der Beek Is Selling Memorabilia ‘to Help With the Financial Cost of Fighting Cancer,’ Highlighting Medical Care Expenses

0
edit post
How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

November 15, 2025
edit post
Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

November 15, 2025
edit post
Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

November 15, 2025
edit post
Berkshire Hathaway’s surprising new tech stake

Berkshire Hathaway’s surprising new tech stake

November 15, 2025
edit post
The Corporate Loophole That Siphons Away Your 401(k) Gains

The Corporate Loophole That Siphons Away Your 401(k) Gains

November 15, 2025
edit post
Government Shutdown Ends, But Seniors Still Feel the Ripple Effects

Government Shutdown Ends, But Seniors Still Feel the Ripple Effects

November 15, 2025
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

  • How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?
  • Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas
  • Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says
  • 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.