THE COMMITMENT TO MAXIMISING LOCAL CONTENT DIDN ’ T END THERE
ENHANCING A COMMUNITY
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
64 September 2017