Kenya titanium cargoes set for 2013 start

25/07/2011 - Kenya property & investment news Posted by Bob Brunskill
Kenya titanium cargoes set for 2013 start

Australia's Base Resources Ltd has confirmed that it expected the first shipment of products from its Kenyan titanium mining project by mid-2013, Reuters has reported.Situated near the east Africa nation's port city of Mombasa, the project is set to begin in September following delays due to demonstrations by environmental groups, as well as disputes with farmers over land compensation and talks with the government.According to Base Resources, it has already started negotiating sale contracts for products from the project."Base is working towards having key off-take arrangements concluded and development funding in place by the end of the September quarter of 2011, which would see the Kwale Project in production in mid-2013," the company said."There is strong interest from parties seeking to enter into arrangements to purchase ilmenite, rutile and zircon production from the Kwale Project and negotiations on product sales contracts with various counterparties are well advanced."