Kwale titanium’s revenue dips 42pc on lower exports

Base Titanium factory in Kwale County. 

Photo credit: File | Nation Media Group

Base Titanium’s revenue fell by 42 percent in the quarter ending June 2024 compared to the corresponding period in 2023 as the company continues to wind down its mining operations in Kwale ahead of ore depletion at the end of this year.

Regulatory filings made by its Australian parent, Base Resources show that sales revenue in the quarter stood at Sh5.5 billion, compared to Sh9.6 billion in the quarter to June 2023.

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