Kwale titanium mining firm pays Sh1bn royalties in 4 years

Base Resources, an Australian firm, pays royalties at a rate of 2.5 per cent of the value of its mineral exports. FILE PHOTO | NMG

The Kenyan government has earned a total of Sh1 billion in royalties from Australian mining firm Base Resources which has been exporting- titanium from Kwale since February 2014.

The multinational in an interview said the amount represents the cumulative royalties to June this year, a period in which the value of its exports of titanium ores and concentrates stood at Sh45.5 billion.

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