Currently viewing Global edition

Africa mineral sands miner treads water on soft production period

Base Resources ended the September quarter with the same net cash position of nearly US$88 million as it had three months earlier after lower mineral sand product sales, timing of sales receipts, capital expenditure at Kwale ($2.7 million), progression of the undeveloped Toliara project and debt service costs impacted cash build.

Africa mineral sands miner treads water on soft production period Africa mineral sands miner treads water on soft production period Africa mineral sands miner treads water on soft production period Africa mineral sands miner treads water on soft production period Africa mineral sands miner treads water on soft production period

Soft sales period for Base Resources

Base's lower production and sales from its Kwale operation in Kenya was said to have been expected with increased output anticipated for the second half of the financial year and guidance for the full