October 23, 2018 / 9:59 AM / a year ago

Kenya wins case against Cortec Mining on licences -arbitrator ruling

NAIROBI, Oct 23 (Reuters) - The Kenyan government has won a case brought against it by Cortec Mining Kenya Limited, Cortec (pty) Limited and Stirling Capital Limited over a 2013 mining licence revocation, an arbitrators’ ruling showed.

Under the ruling by a tribunal at the International Centre for Settlement of Investment Disputes, the government can recover $3.23 million from the claimants to settle the dispute over the revocation of licences for the Mrima Hill mining project.

Reporting by George Obulutsa and Humphrey Malalo; Editing by Susan Fenton

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