Base Titanium is projecting a drop in production at its Kwale operation by nearly half in the financial year starting July, signalling reduced royalties for the Treasury.
Disclosures by its Australia-based parent firm Base Resources say the fall in mineral volumes is mainly due to the depletion of the South Dune, which is expected to shut in March 2024, and the subsequent disruptions as the equipment is moved to other mining sites in the operation.
