Kwale titanium miner pays Sh3bn in royalties, taxes

Base Titanium operations in Kwale County. FILE PHOTO | NMG

Base Titanium, the company extracting titanium minerals in Kwale County, paid the government a total of $26.5 million (Sh3 billion) in taxes and royalties in the quarter ended December.

The payments came after the company reached an agreement with the government to pay higher royalties in exchange for an expanded mining area.

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