Home Business Kwale miner reaps as titanium prices climb

Kwale miner reaps as titanium prices climb

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Business Daily | by Victor Juma


The international price of titanium rose 54.8 percent in the quarter ended March from a year earlier, benefiting Base Titanium that is mining the mineral in Kwale County.

The company sold the commodity at an average price per tonne of $740 (85,840) in the review period, up from $478 (Sh55,448) the year before.

This lifted its revenue by 28.3 percent to Sh9.2 billion despite quantities sold declining 17 percent to…

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