The Competition Authority of Kenya (CAK) has approved the takeover of Kwale miner Base Titanium’s Australian parent by American mineral resources firm Energy Fuels, paving the way for the deal to be concluded next month.
The Sh32.3 billion (375 million Australian dollars) cash-and-stock buyout of Base Resources will give Energy Fuels indirect control of the Kwale operation, which will be wound down at the end of the year after the exhaustion of titanium minerals.
