Mining company, Base Titanium, has gotten approval from the Petroleum and Mining ministry to extend its operations in Kenya by 1 year under a new licence.
The Ministry is processing a license for the company, which currently has only about fifteen months of mine life at its current licensed area, with operation expected to cease in October 2022.
However, mining activities cannot occur without a ‘deed of variation’ to extend the company’s Special Mining Lease boundary, which was still pending.
It is currently mining the last site (South Dune), where it says mineral concentration has significantly dropped, and is looking for options to extend the mine life while hoping for expansion to different sites.
Our current reserves will be mined and depleted by October 2022. We have previously had several outstanding issues that have been resolved and paved the way for the license, which will give us close to 12 months of mining.
General Manager External Affairs, Simon Wall
The firm commenced mining titanium ores in the country in 2013, has further applied for three prospecting licenses for Ramisi area in Msambweni, Kuranzi area near the Kwale-Taita Taveta Counties border and Lamu.
According to Mining ministry data, Base Titanium accounts for 88.7% of total sector revenue. Government revenues from the company are estimated at a total of KSh23 billion over the current mine life, with an annual expenditure of KSh3.7 billion on purchases from Kenyan businesses by the company, which has employed about 1,000 people.
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