Sales cut Base Titanium debt by Sh2.4 billion

The tailing stucker separating soil from the minerals at Titanium base mining in Kwale. FILE PHOTO | LABAN WALLONGA | NMG

Australian mining firm Base Titanium has reported a Sh2.4 billion reduction of its debt burden attributed to improved sales of zircon from its Kwale-based mine.

The firm, in a quarterly update released yesterday, said increased demand for zircon and improved production of the mineral had seen the firm earn more revenue.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.