Mining company, Base Titanium, has announced that it will extend its mining operations in Kenya until June 2024, from an earlier date of November 2023.
The company had earlier indicated it would exhaust the current licensed area by October this year, before getting a nod last year to increase activities which pushed the timelines to November 2023.
According to General Manager External Affairs, Simon Wall, a boundary variation granted by the government has allowed the firm to extend its mining activities further.
The company has made seven exploration licence applications which are still pending at the mining ministry. Prospecting licence applications lodged for an area south of Lamu (applications 2019 0263, 0265, 0266), together with an area in the Kuranze region of Kwale county, about 70kilometres west of Kwale Operations (applications 2019 0260, 2510 and 2512), are still pending.
The company which commenced production in late 2013 accounts for 65% of Kenya’s mineral exports.
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.