Home Business Kwale miner to pay Treasury Sh2bn royalties in fresh deal

Kwale miner to pay Treasury Sh2bn royalties in fresh deal

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Business Daily | by Victor Juma


Base Titanium, the company extracting titanium minerals in Kwale County, will pay the government $18.6 million (Sh2 billion) in the form of higher royalties in exchange for an expanded mining area.

The parties reached an agreement Thursday, giving the company the right to extend its mining operations beyond the…

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