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Base hits Madagascar roadblock

Dispute with government around fiscal terms

Michael Quinn
Base Resources' ambition to fire up a second operation in Africa have hit a snag in Madagascar

Base Resources' ambition to fire up a second operation in Africa have hit a snag in Madagascar

Details on the dispute were not disclosed by Base. The prefeasibility study completed in March cited a corporate income tax rate of 20% and government mineral royalties of 2%. The study referenced...

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