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Kwale titanium miner’s shares jump 6pc on first shipment

Base Titanium workers. Kwale mines are estimated to have 950 million tonnes of rutile, zircon and ilmenite and other minerals. Photo/KEVIN ODIT

The share price of Australian mining company Base Resources jumped 6.1 per cent on Friday, boosted by news that the company had secured an export permit.

Base Resources, whose primary operation is a titanium mine in Kwale, shot to 0.435 Australian dollars (Sh33.88) from 0.41 Australian dollars (Sh31.90) following Thursday’s announcement that the firm was set for its first shipment to China over the weekend.

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