BRafr-September2017

BASE TITANIUM
the project Base Titanium spent one
third of the $320mn capital cost with
Kenyan suppliers and contractors.
THE COMMITMENT TO
MAXIMISING LOCAL CONTENT
DIDN’T END THERE
In operation, the company continually
aims to maximise local procurement,
spending $37mn annually (or 84%
of the total) on spares, consumables
and services purchased from local
suppliers. In all, Base Titanium expects
to contribute close to $1bn to Kenya’s
GDP through the period of 2015-2025.
“Viewing direct revenues from
a mining operation of this scale in
isolation is to see only a quarter of
the picture” he says. “The indirect
and induced economic stimulus
generated beyond this through wider
employment creation, the supply
chain, consumer spending and
taxation is enormous in comparison.”
ENHANCING A COMMUNITY
For any mining operation, the role of
the local community can never be
66 September 2017