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The government of Kenya announces the discovery of its first deposits of the valuable mineral coltan, a priceless component with special electrical qualities that is used in the manufacture of electric car batteries, smartphones, laptops, and other electronic and communication devices.
The government of Kenya announces the discovery of its first deposits of the valuable mineral coltan, a priceless component with special electrical qualities that is used in the manufacture of electric car batteries, smartphones, laptops, and other electronic and communication devices. A substantial amount of this precious mineral was found at least in six counties across the country at a time when the Kenyan government plans to focus on the mining sector for effective extraction, and in the process to create more jobs.
Kenya has coltan deposits in the country and the country wants to see how it can inspire the investors, stated Kenya’s Mining and Blue Economy Cabinet Minister. It has not been immediately clear how large the coltan deposits found in Kenya are and, according to Mvurya, the Kenyan government is currently in the process of evaluating the mineral’s economic worth.
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Coltan has primarily been sourced from a fellow East African country, the Democratic Republic of Congo (DRC) which holds more than 70% of the world’s coltan reserves. The reserves have for decades fuelled violent conflict in the east of the country.
Mining accounts for less than 1% of Kenya’s GDP but has the potential to contribute up to 10%, according to the Kenya National Chamber of Commerce and Industry (KNCCI).
