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Showing posts from October, 2017

Kenya: Kwale Titanium Mine was to be launched in 2013

Australian diversified junior miner, Base Resources Ltd.'s titanium unit in Kenya aims to start mining in 2013, ending years of uncertainty over the project, a company official said on Monday. Joe Schwarz, the general manager of Base Titanium, said in a telephone interview he expected the ongoing feasibility study at the project to be concluded by early 2011, and an estimated $200 million to be raised next year to kickstart the mine. The project on Kenya's sweltering Indian Ocean coast has been held up for years by delays including demonstrations by environmental groups, disputes with local farmers over compensation for land and drawn out talks with the government. Schwarz said so far Base Titanium had yet to sign agreements with buyers of its minerals, but said the exports would likely be destined to China, U.S. and Europe.  "Once we have the green light on the final investment decision, building the plant will take 18-21 months and we would be able to start pro