Base Resources Limited
Base Resources Limited
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Base Resources begins containerised sales of zircon this month following the successful commissioning of the shiploader for its Kwale operations in Kenya in the March quarter.
Base lifted March quarter (Q1 FY14) performance at newly commissioned Kwale project in Kenya totalled 1.9Mt (Q4 FY13: 0.8Mt) for 113,196dmt (42,472t) heavy mineral concentrate, producing 68,193t (5,539t) ilmenite, 8,843t (152t) rutile and 356t zircon.
Total sales were 47,300t ilmenite. Vessel availability issues deferred first bulk rutile and container zircon shipments from March to early April.
Base Resources has begun loading the first bulk shipment from its Kwale mineral sands project in Kenya as it completes commissioning of the long-delayed $SU350M development.
After receiving its export permit, the 25,000t ilmenite shipment is expected to depart Base’s Likoni marine facility at the weekend.
The company has been stockpiling finished ilmenite and rutile in the 60,000t capacity storage shed since construction of the terminal was completed in December.
Base Resources aims to make its first bulk ilmenite shipments next month – a little later than planned - as it completes commissioning of its Kwale mineral sands project in Kenya.
The new Australian producer began production of heavy mineral concentrate in October, producing 42,472t to the end of December.
After electing to focus initially on the front-end ilmenite circuit and rectifying a number of plant bottlenecks, the first tungsten shipment is due in March.
Base Resources expects to ship Kenya's first exports of titanium minerals from its biggest mine this month, with sales amounting to $US4M in January and February.
Kwale, Kenya's first large-scale international mining project, began production in October after delays since 2006 due to cash constraints, environmentalist protests, compensation disputes with local farmers and government red tape.
Base Resources plans its first shipment this month after producing the first ilmenite and rutile at its $US350M Kwale titanium project, 50km south of Mombasa in Kenya.
The Australian-based miner says the first shipment will be a small containerised cargo, while rutile and ilmenite inventories are built up for bulk shipments to begin through the nearly complete Likoni marine facility in January.
Construction of the zircon circuit is in its final stages, for commissioning in January.
National mining corporation to claim 10% free-carrying interest of large mining concessions in changes Kenyan government says conforms to best practice. George Obulutsa reports
Kenya's government plans to take a 10% stake in large mining concessions under a planned law aimed at making more money from the sector, Cabinet secretary Najib Balala says.
Proposed legislation envisages the government holding 10% free carried interest on all larger mining concessions through the national mining corporation.
Balala told a Nairobi mining conference the bill will make application for mining licences more transparent.
Base Resources aims to begin first exports in December following the long-delayed start of mining at its $US305M Kwale titanium project in Kenya.
The Australian miner has been held up since 2006 by financing constraints, environmentalist protests, disputes with local farmers over compensation for land and government red tape at the project, south of the Indian Ocean port of Mombasa.
Much of the mineral produced at the project will be exported to China and the United States. Reuters
Base Resources aims to begin first exports in December following the long-delayed start of mining at its $US305M Kwale titanium project in Kenya.
The Australian miner has been held up since 2006 by financing constraints, environmentalist protests, disputes with local farmers over compensation for land and government red tape at the project, south of the Indian Ocean port of Mombasa.
Much of the mineral produced at the project will be exported to China and the United States.