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Base Resources sees 58% increase in H1 Ebitda

By: Anine Kilian     23rd February 2018 Dual-listed Base Resources has reported a 58% increase earnings before interest, tax, depreciation and amortisation (Ebitda) to $69.3-million for the half year ended December 31, 2017. Sales revenue rose by 28% year-on-year to $115.9-million, achieving an average price of product sold of $407/t,... 

Former Old Mutual CEO joins board of mineral sands miner Base

By: Creamer Media Reporter      22nd February 2018 The former CEO of asset manager Old Mutual Investment Group, Diane Radley, has been appointed to the board of ASX- and Aim-listed Base Resources. Radley, whose independent nonexecutive director appointment was effective from February 1, brings significant and diverse African experience to the... 

Fourth month of continuous growth for Deloitte WA Index

     9th February 2018 The Deloitte WA Index climbed marginally higher in the first month of 2018, as the market capitalisation of Western Australia-listed companies increased by 0.48% to close out January at A$181.83-billion. This marks the fourth month of continuous growth, Deloitte clients and markets partner for... 

Base Resources’ Toliara Sands project now unconditional

By: Anine Kilian     15th January 2018 ASX- and Aim-listed mineral sands producer Base Resources on Monday reported that the acquisition agreement pertaining to the Madagascar-based Toliara Sands project is now unconditional.  The acquisition of Base’s initial 85% interest in the wholly owned Mauritian subsidiaries of World Titane... 

Base Resources looks to aquire 85% interest in Toliara project

By: Megan van Wyngaardt     19th December 2017 Dual-listed Base Resources has reached agreement with World Titane Holdings to acquire an initial 85% interest in the wholly-owned Mauritian subsidiaries of World Titane, which hold a 100% interest in the Toliara sands project in Madagascar. This acquisition is conditional only on Base Resources... 

Base upgrades Kwale South Dune resource

By: Esmarie Swanepoel     4th October 2017 Mineral sands miner Base Resources has reported a 29% increase in the mineral resource at its Kwale South Dune deposit, in Kenya. The South Dune deposit is estimated to host some 114. 1-million tonne of resource at an average heavy mineral grade of between 3% and 25% slimes for 3.47-million... 

Base profit triples in FY17

By: Esmarie Swanepoel     28th August 2017 Mineral sands miner Base Resources has reported a 200% increase in net profit for the full year ended June, on the back of record sales volumes. The ASX-listed company on Monday told shareholders that the bottom line was also impacted by higher commodity prices and a continued focus on cost... 

Base reduces debt

By: Esmarie Swanepoel     18th July 2017 Mineral sands miner Base Resources has repaid in full the $20-million unsecured debt facility provided by shareholder Taurus Funds Management. The company said on Tuesday that the repayment of the Taurus facility continued the rapid debt reduction achieved on the back of strong operational... 

Base hits revenue record in June quarter

By: Esmarie Swanepoel     13th July 2017 Mineral sands producer Base Resources has reported record quarterly revenue for the three months to June, as ilmenite and zircon prices continued to improve. The unit revenue per tonne of product sold during the quarter increased to $297/t, compared with the $258/t reported in the previous quarter. 

Base approves capital for KP2 mine plan

By: Esmarie Swanepoel     23rd May 2017 The board of mineral sands developer Base Resources has approved the $32.6-million capital spend to implement the Kwale Phase 2 (KP2) project, in Kenya. The objective of the KP2 project is to maximise the overall Kwale operation’s economic returns by implementing a solution to maintain maximum... 

Base lifts rutile output, but ilmenite and zircon fall

By: Esmarie Swanepoel     12th April 2017 Mineral sands miner Base Resources has posted record quarterly rutile production of 23 107 t during the three months to March, up from the 22 870 t produced in the three months to December. Ilmenite production from the Kwale mineral sands project, in Kenya, reduced to 112 368 t during the... 

Base reports higher mining volumes at Kenya mine, updates FY17 guidance

By: Esmarie Swanepoel     17th January 2017 Mineral sands miner Base Resources reported a strong operational performance at its Kwale project, in Kenya, with the mine producing a record three-million tonnes of ore on the back of the successful commissioning of a 400 t/h hydraulic mining unit. Combined with the existing dozer trap mining... 

Base sets production record for two products

By: Esmarie Swanepoel     13th October 2016 ASX-listed Base Resources has reported record quarterly rutile and ilmenite production from its Kwale mineral sands project, in Kenya, on the back of increased plant throughput. Ilmenite production for the September quarter reached 121 821 t, which was up from the 119 340 t produced in the... 

Tanzania-focused mineral sands explorer appoints new leadership

By: Simone Liedtke     7th October 2016 ASX-listed mineral sands exploration company Strandline Resources recently appointed Luke Graham as MD and CEO to lead the company in the execution of strategic development opportunities in Tanzania and Australia. 

New mineral sands projects require higher prices – Base

By: Esmarie Swanepoel     7th September 2016 ASX-listed Base Resources is optimistic about the price outlook for mineral sands heading into 2017. With global mineral sands stockpiles declining, a further price improvement is expected for the balance of 2016, Base MD Tim Carstens told delegates at the first day of the Africa Downunder... 

Base widens loss on lower average prices

By: Megan van Wyngaardt     31st August 2016 ASX- and Aim-listed Base Resources reached the top end of its guidance range in the full year ended June 30, producing sales volumes of 480 538 t of ilmenite, 85 536 t of rutile and 33 062 t of zircon. This led to sales revenue growth of 16% to $169-million, achieving an average price of product... 

Kenya titanium mine eyeing revenue rise to $140m this year

By: John Muchira     29th July 2016 Mineral sands developer Base Resources is set earn $140-million from minerals exports from its titanium mine, in Kenya, this year. The Kwale mine generated revenue of $90-million in 2015, up from $85-million in 2014. 

Base reports higher quarterly output at Kwale

By: Esmarie Swanepoel     8th April 2016 The Kwale mineral sands project, in Kenya, delivered higher heavy mineral concentrate output during the three months to March, as mining activity progressed back into high-grade ore zones. ASX- and Aim-listed Base Resources on Friday reported that heavy mineral concentrate production during the... 

Base raises A$10m for working capital

By: Esmarie Swanepoel     29th February 2016 Mineral sands miner Base Resources has launched a partially underwritten accelerated prorata renounceable entitlement offer to raise about A$10-million. The company said on Monday that shareholders would be offered one new fully paid ordinary share in Base for every 3.35 shares held, with the... 

Base hunts for new rutile buyers

By: Esmarie Swanepoel     15th February 2016 Mineral sands miner Base Resources is on the hunt for new rutile buyers after receiving a notice of volume reduction from one of its buyers. The company said on Monday that it had received a notice from a counterparty in a long-term rutile sales agreement, exercising its contractual right to... 

Member association eager to meet African policymakers at Indaba

By: Kimberley Smuts     22nd January 2016 Australia-Africa Minerals & Energy Group (AAMEG) will promote the importance of the Australian resource industry across Africa at this year’s Investing in African Mining Indaba. AAMEG chief executive Trish O'Reilly, suggests that there are currently more than 150 Australian companies involved in... 

Kwale delivers record quarter for Base

By: Esmarie Swanepoel     20th January 2016 Mineral sands miner Base Resources has reported record rutile and zircon production during the three months to December, as the successful completion of the mineral separation plant upgrade and ongoing process optimisation work at the Kwale mineral sands project, in Kenya, delivered results.... 

Kwale offtake partner issues force majeure notice

By: Esmarie Swanepoel     13th January 2016 Mineral sands producer Base Resources has received a force majeure notice from an ilmenite buyer, seeking to suspend its obligations under an offtake agreement. Under the terms of the agreement, the counter-party was due to purchase some 100 000 t of ilmenite by June this year, at an average... 

Base reschedules Kwale debt

By: Esmarie Swanepoel     15th December 2015 Dual-listed mineral sands miner Base Resources on Tuesday told shareholders that it has rescheduled its $215-million outstanding debt for the Kwale mineral sands project, in Kenya. Base in November this year flagged the refinancing of its debt, saying that the current commodity market made the... 

Base looks at refinancing options for Kwale debt

By: Esmarie Swanepoel     13th November 2015 Mineral sands miner Base Resources was looking at refinancing options to repay the debt facility of its $310-million Kwale project, in Kenya. Base chairperson Keith Spence told shareholders at the company’s annual general meeting on Friday that, while the company was generating sound, positive... 

Kwale delivers a solid quarter for Base

By: Esmarie Swanepoel     21st October 2015 Mineral sands miner Base Resources has reported a solid three months to September 30, as its Kwale operation, in Kenya, continued to deliver. The mine produced 170 258 t of heavy minerals concentrate in the quarter under review, a slight improvement on the 169 061 t reported in the June quarter.... 

Base reports record sales, lower costs in Q4

By: Esmarie Swanepoel     28th July 2015 Kenya-focused mineral sands miner Base Resources has reported record sales volumes across all of its products for the three months to June, while operating costs declined. During the quarter, some 121 727 t of ilmenite, 25 382 t of rutile and 7 621 t of zircon was sold. The record sales volumes... 

Kwale performance keeps up - Base

By: Esmarie Swanepoel     17th April 2015 Mineral sands miner Base Resources has reported another solid quarter from its Kwale project, in Kenya, with heavy mineral concentrate (HMC) production up 24% over the previous quarter, from 166 000 t to 206 000 t. The miner said on Friday that a focus on debottlenecking the wet processing... 

Kenya-based project mineral resource upgraded

     13th March 2015 The upgraded and increased mineral resource estimates of mineral sands producer Base Resources’ 100%-owned Kwale project, in Kenya, will form the basis for the preparation of, and reporting on, the project’s update ore reserves over the next few months, the company says. The updated mineral... 

Base continues Kwale ramp-up

By: Ilan Solomons     23rd February 2015 Aim- and ASX-listed Base Resources continued the ramp-up of its Kwale mineral sands project, in Kenya, in the six months to December 31. “With the consistent achievement of design availabilities and throughputs in both the wet concentrator plant and mineral separation plant, the focus has been... 

Kwale output falls in December

By: Esmarie Swanepoel     20th January 2015 Mineral sands miner Base Resources has reported lower production from its Kwale operations, in Kenya, during the quarter ended December, as lower ore grades impacted on output. Base on Tuesday told shareholders that heavy mineral concentrate production declined by 4% quarter-on-quarter to 165... 

Base won't budge on World Titanium offer

By: Esmarie Swanepoel     15th January 2015 ASX-listed Base Resources on Thursday conceded that its offer for fellow-listed World Titanium Resources was unlikely to succeed, but the miner stuck to its guns, refusing to increase its bidding price. Earlier this month, the directors of World Titanium advised shareholders to reject the... 

World Titanium rejects Base offer as ‘too low’

By: Esmarie Swanepoel     5th January 2015 The directors of takeover target World Titanium Resources have advised shareholders to reject a takeover offer from fellow-listed mineral sands producer Base Resources. Base launched an off market takeover offer for World Titanium in December, offering one of its own shares for every five World... 

Base announces increased Kwale mineral resources

By: Leandi Kolver     14th October 2014 Mineral sands miner Base Resources on Tuesday announced an upgrade and increase in mineral resources for its 100%-owned Kwale project, in Kenya. The company explained that the updated mineral resource estimate – which revealed an combined overall increase of 5% for total material tonnes and 2%... 

Kwale keeps delivering for Base

By: Esmarie Swanepoel     8th October 2014 Mineral sands miner Base Resources has continued the trend of increasing quarterly production, with the miner reporting a 10% quarter-on-quarter increase in output during the three months to end of September. Production from the Kwale mineral sands operation, in Kenya, reached 122 355 t during... 

Durable camps popular among remote mines

By: Bruce Montiea     29th August 2014 Gauteng-based camp solutions provider Dynamic African Projects (DAP’s) mining camps can last for up to 20 years in constant use and are popular among mining companies operating in remote areas, says director Wesley Nel. He tells Mining Weekly that clients that have benefitted from the... 

Fourth Mining Business & Investment Conference to be held Oct

     22nd August 2014 The Mining Business and Investment (MBI) Conference Eastern Africa is an annual event hosted by the Kenya Chamber of Mines and Prescon Limited with the support of the Kenyan Ministry of Mining. The event, which will be held on October 16 and 17, is a response to the industry’s demand for a forum... 

Base lifts production at Kenya mineral sands mine

By: Esmarie Swanepoel     25th July 2014 Mineral sands miner Base Resources has ramped up production at its Kwale mineral sands project, in Kenya, to 141 753 t during the three months to June, after project commissioning was completed in the March quarter. In the March quarter, the Kwale project delivered 113 196 t of heavy mineral... 

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