maka wrote:hisah wrote:youcan'tstopusnow wrote:"We didn't see that one coming," said a senior official at Cortec Mining Kenya, a subsidiary of Canada-based minerals and metals firm Pacific Wildcat Resources, which is scouring the coastal region for niobium reserves.
The official, speaking on condition of anonymity as the company was still digesting the announcement, said Cortec had not received official word from the new government that its licenses were revoked.
"We followed all the legally required procedures that culminated in our being given these licenses," he said. "I am confident whatever the reasons for the revocations, we are clean." He said if his company's license were revoked it could be recovered "without much struggle."
http://news.yahoo.com/ke...licenses-105350932.html
Will be interesting how it unfolds...
Definitely liking this drama too... Like a love triangle with huge dirty linen coming up for the loser... I know many of you will be against this but they are correct you cant just wake up one day and revoke licenses that were acquired legally its already in court lets see how it pans out but dont be surprised the govt loosing Balala was over his head on this one...
the government may not be exposed to a huge risk here since the licences are purely for prospecting and not extraction...correct me if I am wrong.
On another note, a certain "politically correct" fellow aka Jacob Juma (of NCPB maize scandal) owns 30% of Cortec Kenya Limited...
Of particular interest:
Quote:Cortec Mining received the licence from the Government on March 26, the same day that the Supreme Court began hearing a petition by former Prime Minister Raila Odinga against the March 4 election of President Uhuru Kenyatta.
The licence was issued even as Kenyatta, then President-elect, ordered all ministers and Permanent Secretaries in the former Grand Coalition Government not to approve any contracts or licences on behalf of the incoming Jubilee government.
The issuing of the prospecting licencing seems to have deviated from a professional one and took a political dimension...
Does any one else see alot of political manouvres and intrigues which led up to the issuance of the said prospecting licence to Cortec ama it is only me????
Follow the link:
Iko maneno hapa!!...besides, the presence of a safe alone does not signify that there is money inside...