Business Daily | by Victor Juma
Australian mining firm Base Resources reported a 25.8 percent decline in revenue from its Kwale titanium operation in the quarter ended December on the back of reduced deliveries to customers.
The firm’s sales of ilmenite, rutile and zircon fell to Sh3.6 billion in the review period compared to Sh4.9 billion the year before.
The performance means the Kenyan government will earn lower royalties which the multinational pays at a rate of 2.5 percent of export sales value…
