Nairobi, Oct. 7 -- A consortium of firms led by London-based Fujax UK Limited is set to revive the collapsed fluorspar mining project at Kimwarer, Kerio Valley in Elgeyo Marakwet County.

The consortium, known as Sofax Fluorspar Kenya Ltd, said it would take over the quarries and processing plant of the collapsed State-owned Kenya Fluorspar Company.

"Sofax Fluorspar Ltd has the advantage of entering the market with a fresh perspective and the potential to optimise operations. The company can leverage the existing infrastructure and knowledge base while aiming to improve efficiency and reduce costs," the group said in a regulatory disclosure.

"Moreover, Sofax Fluorspar Kenya Ltd can benefit from the existing ore bodies that were previous...