Nairobi, Feb. 18 -- The United Kingdom-based Soy-Fujax Mining Company on Friday signed a Sh4 billion deal with Kenya to revive fluorspar mining in Elgeyo Marakwet County.

The deal was signed by Mining and Blue Economy Cabinet Secretary Salim Mvurya, who was accompanied by his Principal Secretary Elijah Mwangi and Fujax UK Regional Director Hendrick Ryst.

Under the terms of the agreement, the government will own a 15 per cent stake in the mining operations, a strategic move to secure Kenya's interest in the sector.

"I have overseen the signing of an agreement between the Government of Kenya and Soy-Fujax Mining Company for the revival of fluorspar mining in Elgeyo Marakwet County. This is a Sh4.8 billion investment where the government ...