Why Base Titanium is not selling its assets to Kenyans

titanium

Base Titanium factory in Kwale County, Kenya.

Photo credit: File | Nation Media Group

Base Titanium, which closed its mining operations in Kenya last December, has hired South Africa-based auctioneer WH Auctions to sell its movable assets in Kwale.

The auction, scheduled for May 14-15 through webcast bidding, has excluded Kenyan companies and will feature at least 300 lots of mining, construction, plant and electrical equipment, with lots 1 to 199 on the first day and lots 200 to 325 on the second day.