The mine is also expected to increase production of zircon by up to 27 percent to between 35,000 and 40,000 tonnes. The Kenya Revenue Authority owes the firm $19 million (Sh1.9 billion) in Value Added Tax refund claims since it began its operations in Kwale. The output for rutile, a raw material used in paints, plastics, paper and foods, increased by 19.7 per cent to 85,654 tonnes. The firm managed to bring down operating costs by slightly over $1 million (Sh101 million) to $12.3 million (Sh1.2 billion) in the fourth quarter. “More than 155,000 tonnes of ilmenite and rutile have been dispatched during the quarter ended June 2016.

Source: Standard Digital July 08, 2016 21:22 UTC