Monday, November 2, 2026

Chinese Companies End Kenyan Rare Earth Competition with Western Companies

 Business Insider Africa published on 2 November 2026 an article titled "Two Chinese Mining Firms Pull Out of Kenya's Rare Earth and Niobium Extraction Race as Three American Companies Stand Their Ground among Five Remaining Bidders" by Olamilekan Okebiorun.

Two major Chinese companies have exited the bidding process for Kenya's Mrima Hill critical minerals deposit.  They did not give a reason for their decision.  Three of the five remaining contenders are US-linked, with the others being an Australian consortium and a Kenyan-British joint venture.