Australia-based company acquires required funding, to begin work on Kenyan operations

Mineral sands developer Base Resources is in the process of securing further offtake parties for its Kwale product, as the miner looks to start construction of the Kenyan project in April or May of this year.

$170m secured for Kenya mineral sands project −Base

ASX-listed mineral sands developer Base Resources has secured $170-million in syndicated project finance to develop its Kwale mine, in Kenya. The debt finance facility would form part of the overall funding package for the development of Kwale,...

Tiomin agrees to sell Kwale mineral-sands asset

TSX-listed Tiomin Resources has signed a binding heads of agreement for the sale of its Kwale mineral sands project to Australia's Base Iron Limited (BIL), the company announced on Thursday. The news marks the end of an era for Tiomin, which...

China's Jinchuan to pay $25m for right to controlling stake in Kenya mineral sands project

Chinese resources group Jinchuan has agreed buy a 70% holding in TSX-listed Tiomin Resources' Kwale mineral sands project, in Kenya, and will invest $25-million in the asset, the companies announced on Tuesday. The mine, once in operation, is...