Cortec now blames China over revoking of mining licence

Cortec Mining Kenya MD David Anderson speaks to the press at the Stanley Hotel in Nairobi on July 15, 2013. Photo/SALATON NJAU

Cortec Mining Kenya, the Canadian Pacific Wildcat local subsidiary, Wednesday claimed China was behind the Mining secretary’s decision to revoke its licence this week and promised to take the battle to court.

Cortec is one of 42 companies set to be affected by an order by Najib Balala suspending exploring and mining licences issued between January and May this year having received its licence on March 7.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.