Kwale-based miner Base Titanium’s sales in the quarter ending December 2023 fell by 22.3 percent to Sh8.04 billion against the corresponding period in 2022, weighed down by lower global titanium prices and reduced export volumes as the operation nears its planned close end of the year.
The company’s Australian parent, Base Resources, said in a quarterly activity report that exported volumes of titanium minerals ilmenite, rutile and zircon from Kenya declined to 84,600 tonnes during the quarter compared to 98,500 tonnes in the quarter to December 2022.
