Sharp Daily
No Result
View All Result
Friday, August 8, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Base Titanium seeks new prospecting license in Kwale

Derrick Omwakwe by Derrick Omwakwe
July 17, 2024
in News
Reading Time: 2 mins read

Base Titanium has applied for a prospecting license to explore Titanium, Rutile, Zircon, and Ilmenite minerals in Kwale County.

The Ministry of Mining, Blue Economy, and Maritime Affairs has issued a public notice inviting the public to provide feedback on the license application within 21 days.

Late last year, the company announced that once the current Kwale Ore Reserves are exhausted by December 2024 as anticipated, Kwale Operations will transition to post-mining activities as planned.

Objections to any prospecting license can be submitted to the Cabinet Secretary within 21 days from the date of the notice.

RELATEDPOSTS

No Content Available

“The application can be accessed through the Ministry’s portal at https://portal.miningcadastre.go.ke and is also published in the Kenya Gazette, open for public comment for 21 days from the date of the notice,” stated Salim Mvurya, former CS Ministry of Mining, Blue Economy, and Maritime Affairs.

Tim Carstens, Managing Director of Base Resources, noted that the company has explored all options to extend the life of Kwale Operations. However, despite significant efforts and strong local community support, Base Titanium has not found additional mineral deposits of sufficient grade or scale to justify a further extension.

“Our focus at Kwale now shifts to detailed closure planning and transitioning to post-mining land use, while ensuring we continue to safely extract maximum value from the remaining ore reserves. Kwale Operations has been the cornerstone of Base Resources, and while it will be disappointing to conclude a project we take great pride in, we view the transition to post-mining as an opportunity to solidify our reputation for excellence throughout the mining life cycle,” Carstens added.

Previous Post

Senate halts Ruto’s health insurance plan over constitutional issues

Next Post

Inverted Block Drainage: The urban solution to stormwater management

Derrick Omwakwe

Derrick Omwakwe

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024