Kwale miner pays Sh6.5bn dividend to Australia parent

Base titanium in Kwale. FILE PHOTO | NMG

Base Titanium, the company extracting titanium minerals in Kwale County, paid its Australian parent firm Base Resources a dividend of Sh6.5 billion in the year ended June, highlighting its lucrative mining venture.

The payout ranks the Perth-based multinational second in the list of foreign companies whose dividend receipts from Kenya have been disclosed.

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