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To: longz who wrote (3150)3/16/2018 7:00:22 PM
From: Rocket Red1 Recommendation

Recommended By
longz

  Read Replies (2) | Respond to of 3422
 
Mrima Hill niobium battle to be resolved in July?

http://cc.bingj.com/cache.aspx?q=https%3a%2f%2fwww.africaintelligence.com%2fama%2fexploration--production%2f2018%2f02%2f27%2fmrima-hill-niobium-battle-to-be-resolved-in-july%2c108295980-art&d=4564847616332126&mkt=en-CA&setlang=en-CA&w=2CJUUJ2FWKcb2l3vNo8zEneFsZ8f5Bug



To: longz who wrote (3150)4/24/2018 11:56:43 PM
From: Rocket Red2 Recommendations

Recommended By
longz
TreKewl

  Read Replies (1) | Respond to of 3422
 
Taxpayers face Sh500bn loss in case against Canadian firmMonday, April 23, 2018 20:31
By EDWIN MUTAI
The government risks losing up to Sh500 billion in an international arbitration case against mining firm, Cortec, after it failed to provide Sh100 million in the second mini-budget to pay a UK-based law firm representing it in the case.
John Omenge, Mining principal secretary, told MPs that unless the amount is allocated, the country will be in big trouble because the external legal counsel will not go to court to defend the government.

“We risk paying $5 billion which is between Sh200 billion and Sh500 billion, which Cortec has asked as compensation,” said Mr Omenge.

The legal dues for the Cortec Mining case at the International Centre for Settlement of Investment Disputes (ICSID) amounts for Sh205 million.