Base Resources reports H2 2016 profit as TiO2 strengthens

By Kasia Patel
Published: Tuesday, 28 February 2017

Increases in prices and demand for titanium dioxide in the second half of 2016 drove ilmenite sales and prices for Base Resources. The company expects further improvements in mineral sands prices throughout 2017.

ASX-listed mineral sands producer Base Resources Ltd moved into profit for the six month period ended 31 December 2016 following a loss in the previous year-ago period, as the titanium dioxide (TiO2) pigment industry continued to strengthen, driving demand for feedstocks.

Net profit for the half year was reported at...

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