BULKS

Kwale delivers for Base while fiscal discussion in Madagascar delayed

Pandemic the focus for Madagascan authorities

Kwale delivers for Base while fiscal discussion in Madagascar delayed

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here

Base and Madagascan authorities have yet to agree on the fiscal terms of the proposed Toliara development.

Meanwhile in Kenya, the Kwale operation reported production increases in the March quarter, with guidance for the full-year ending June 30 unchanged.

Base described customer demand for Kwale's mineral sand products as being "sound".

Regarding COVID-19, Base has fully drawn a US$75 million debt facility to "enhance liquidity and provide flexibility" during the pandemic.

Shares in Base were up nearly 5% to A15.7c in morning trade, capitalising the company at $184 million.

The stock has spent much of the past 12 months trading at levels around 20-25c.    

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.