Marula establishes copper, graphite subsidiary in Kenya
Africa-focused mining and development company Marula Mining has established a wholly-owned operating subsidiary company Muchai Mining Kenya to focus on securing both near-term and advanced copper and graphite mining opportunities in Kenya.
"The decision to establish Muchai Mining Kenya follows a period of significant in-country work and comes after careful consideration of various opportunities in the region.
“Given that Nairobi is the headquarters for the company, the establishment of Muchai Mining Kenya has been a long-awaited event. We are excited by the potential that Kenya offers and we are pleased that we can now move our planned initiatives in the country forward," Marula CEO Jason Brewer says.
He notes that he has been impressed with how the Kenyan government is emphasising the importance of its mining sector, for the future growth of the Kenyan economy.
"As a company we have been actively engaged with a number of industry groups in the country and are keen to play a role in establishing Kenya’s mining sector as a contributor to economic growth and employment. Marula's experience and expertise give us no doubt that Muchai Mining Kenya is well positioned for success.
“As we continue to identify and pursue opportunities that can deliver value to our shareholders, we believe Kenya will be another key country of our operating and development activities and we look forward to working with all key stakeholders to achieve this,” Brewer states.
The incorporation of Muchai Mining Kenya follows the earlier establishment of Marula's 80%-owned Zimbabwean operating subsidiary, Muchai Mining, to secure similarly advanced battery metals projects in the lithium and copper sectors.
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