Kwale titanium miner Base Titanium’s Australian parent firm is set to be acquired by an American mineral resources firm Energy Fuels in a Sh31.8 billion (375 million Australian dollars) cash-and-stock deal.
The deal will give the American firm effective control over the Kenyan operation from September, a few months before the Kwale-based miner’s closure at the end of the year, but with the potential to resume production in future.
