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Base pays dividend on Kwale performance, but Toliara delayed

Africa mineral sands miner Base Resources will pay a maiden dividend to shareholders as it delays an investment decision on its “world-class” Toliara project in Madagascar by about a year.

Michael Quinn
Base Resources would like to start building Toliara late next year

Base Resources would like to start building Toliara late next year

The A3.5c per share dividend (unfranked), will consume about US$30 million of Base's $87.6 million net cash position - as at June 30. While Base's MD Tim Carstens said the company was "making encouraging...

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