Base Titanium Limited is a wholly-owned subsidiary of Australian and UK-listed resources company, Base Resources Limited (ASX and AIM: BSE). Its flagship development is the Kwale Mineral Sands Project in Kwale County, 50km south of Mombasa.
Construction at the Kwale Project was completed at the end of 2013 and the first bulk shipment of ilmenite departed from Mombasa in February 2014. The mine is currently producing 455,000 tonnes of ilmenite; 85,000 tonnes, or 14% of the world’s rutile output; and 32,000 tonnes of zircon each year.
The Kwale Mine is significantly boosting revenue for the Government of Kenya and Kwale County and is set to deliver significant revenues in tax and royalty payments over the life of the mine, together with considerable indirect taxation, direct and indirect employment and other economic benefits.
Already the Mine has and continues to create significant opportunities for local economic development – through a focused local employment programme, and the procurement of goods and services from local vendors. The Company is also investing heavily in a variety of community livelihood enhancement programmes and social infrastructure in Kwale County, demonstrating its commitment to responsible and sustainable development.
Representing the first major, foreign direct investment in Kenya’s mining sector, Base Titanium is cognisant of its role in setting national benchmarks that are compliant with globally accepted standards in transparency, governance, safety, environmental management and community investment.
Importantly, Base Titanium aims to be a truly Kenyan mining company, and continues to work closely and constructively with the Government of Kenya to promote further investment in developing the sector