Base Titanium Mine in Kenya to Close in 2024, Costing Jobs and Tax Revenue
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Base Titanium mine in Kwale, Kenya to close in 2024, resulting in loss of 870 local jobs
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Closure will cost Kenya billions in annual tax revenue and royalties
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Parent company Base Resources cites insufficient titanium resources to continue operations
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Mine paid over $74 million in royalties and taxes to Kenya in 2022 fiscal year
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Kenya to lose key source of titanium exports once mine closes