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Titanium miner sales fall to Sh7.9bn on exports dip
County governments collected below one percent of the Sh16 billion they could have raised from natural resource exploitation fees. FILE PHOTO | KEVIN ODIT | NMG
Base Titanium, the firm mining titanium minerals in Kwale County, saw its sales drop by 6.4 percent to Sh7.96 billion in the quarter that ended December as exports declined.
The revenue declined from Sh8.51 billion recorded in a similar quarter a year earlier, reflecting the impact of a reduction in the quantity of exported minerals ilmenite and zircon.
