Kwale miner Base Titanium’s sales revenue fell by 72 percent in the quarter to March 2024 compared to the corresponding period in 2023 as export volumes declined due to the depletion of ore in the mining area.
The company’s sales declined to $20.21 million (Sh2.65 billion) from $72.44 million (Sh9.62 billion) a year earlier, signalling lower royalties and tax revenue for the government from the operation this year.
