BRafr-September2017

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BASE TITANIUM, A CRUCIAL PLAYER IN KENYA’S EMERGING MINING MARKET, HAS BEEN FORMALLY ACCREDITED BY KENYA VISION 2030 AS ITS FLAGSHIP MINING PROJECT The Kenyan mining industry is on the rise. Historically, the country focused on agriculture, tourism, services and manufacturing as its main economic pillars, but in recent years, that focus has begun to shift towards extractives – both oil and mining. “In the past mining was not seen as a significant sector of the economy – that is until Base Titanium’s Kwale Mine entered into production in early 2014,” says Joe Schwarz, General Manager – External Affairs and Development, Base Titanium. “The industry is now contributing around 1% to the GDP, but with increased interest in extractives and a friendly investment climate that will increase.” FLYING THE FLAG FOR KENYA In 2013 the Government of Kenya created, for the first time, the stand-alone Ministry of Mining in recognition of the emergence of mining, led by Base Titanium, as an increasingly important sector of the economy with real growth potential. “Establishing the Ministry of Mining has really given the mining industry in Kenya a new focus and impetus,” Schwarz says. “With the Ministry and Base Titanium working collaboratively to promote further 60 September 2017
MINING An aerial view of dozer mining in the Central Dune at Base Titanium’s Kwale Mine. www.basetitanium.com 61
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