Kwale miner eyeing final Sh3bn pay to parent firm

Final mining activities at Base Titanium in Msambweni, Kwale County on May 7, 2024.

Photo credit: Photo| Siago Cece| Nation Media Group

The owners of Kwale miner Base Titanium anticipate that the operation will generate about $24 million (Sh3.1 billion) in net cash from June 2024 until the closure of the operation, new disclosures show.

Base Resources, the Australian parent of the Kwale miner, estimates that the operation will generate top line revenue of $116.2 million (Sh15 billion) between July 2024 and June 2025.

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