Base Resources rejects “untrue” royalty and VAT allegations
Published: Wednesday, 20 May 2015
The mineral sands miner, which is upping production at its Kwale mine in Kenya, has hit back at media accusations of not paying enough royalties, agreeing to corrupt contracts, and operating in an unfavourable mining jurisdiction which does not require transparency and clear financial reporting, saying that such allegations are unfounded attempts to undermine its project.
Mineral sands producer Base Resources, which is developing
its flagship Kwale project in Kenya, has dismissed allegations
made by various media outlets that it is not meeting its
royalty obligations in the country.
The company has been ramping up production at its Kwale
mineral sands mine over the first quarter...