Base Resources pays Sh1.1bn to Treasury on Sh2.1bn profit

Base Resources mines titanium in Kwale. FILE PHOTO | NMG

Australian mining firm Base Resources paid Sh1.1 billion to the Kenyan government in the form of taxes and royalties in the six months ended December, when its net profit more than doubled to Sh2.1 billion.

The multinational, which mines titanium in Kwale, says in a regulatory filing that it paid the government income taxes of Sh467.4 million and royalties amounting to Sh635.9 million in the review period.

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