Base Resources full year loss widens despite revenue rise

By Liz Gyekye
Published: Tuesday, 22 September 2015

Despite the continuing challenging environment, the Australian miner has seen a jump in sales for its zircon, ilmenite and rutile products. Nevertheless, a large pile of debt and fluctuations in the US dollar exchange rate has caused the firm to widen its losses for its fiscal year 2015.

Base Resources Ltd said its pre-tax loss widened for the year ended 30 June 2015, despite reporting a substantial rise in revenue as a result of the company completing its first full year of production, which was offset by debt adding to its financing costs.

The miner reported an Australian...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.