Base Titanium to spend $28.1 million on new mining site in Kwale
2022-06-28 14:44:29 [Print]
Kenya's Base Titanium will make a capital expenditure of Sh3.3 billion ($28.1 million) at a new mining site on its Kwale operation, extending the life of the venture by 13 months to December 2024.
Its Australian-based parent firm said in a trading update that mining at the new site, known as Bumamani, will commence in March next year after land access arrangements are finalised.
The new mining area is expected to yield up to 17.9 million tonnes of titanium ore, out of which Base Titanium expects to get 42,000 tonnes of rutile, 171,000 tonnes of ilmenite and 20,000 tonnes of zircon.
Its Australian-based parent firm said in a trading update that mining at the new site, known as Bumamani, will commence in March next year after land access arrangements are finalised.
The new mining area is expected to yield up to 17.9 million tonnes of titanium ore, out of which Base Titanium expects to get 42,000 tonnes of rutile, 171,000 tonnes of ilmenite and 20,000 tonnes of zircon.
Ilmenite Conc TiO2 50%min; Fe2O3 14%max; In port China
Unit:RMB/mt
China titanium concentrate producers' operating rate statistics by province by month
Unit: %
