Base Resources reduces debt while waiting for green light from Malagasy
Currently active in Kenya, the Australian producer of heavy mineral sands—used by the pigment industry— still has a long road to follow. Its flagship project in Toliara, Madagascar, is still on hold due to negotiations with local authorities over the fiscal framework.
Someone shares this article with you
▪ Base Resources reduces debt while waiting for green light from Malagasy
▪ Currently active in Kenya, the Australian producer of heavy mineral sands—used by the pigment industry— still has a long road to follow. Its flagship project in Toliara, Madagascar, is still on hold due to negotiations with local authorities over the fiscal framework.
▪ https://www.africabusinessplus.com/en/808903/base-resources-reduces-debt-while-waiting-for-green-light-from-malagasy/
As a result, Base Resources is working on three parallel plans. The priority is the extension of the Kenyan resource. While waiting for a favourable outcome to the Madagascan application, the Perth-based company has extended the life of its mining operation at Kwale (Dune South) to December 2023. The results of a pre-feasibility study are expected in early September for an extension at Bumamani. Additional permit applications have been submitted in Kenya and Tanzania, where three new permits have already been granted.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Mines
26/01/2023 at 16h12, by Africa Business+, updated 31/01/2023
Toliara Rare Earths: Base Resources sets March deadline for project’s future
Following the Malagasy government’s decision to suspend Base Resources’ activities at its Toliara mineral...
Mines
05/03/2021 at 16h12, by Africa Business+, updated 07/03/2021
Base Resources’ heavy fiscal agendas in Kenya and Madagascar
The Australian miner is currently conducting tax negotiations on two fronts: in Kenya, where its Kwale...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.