Base Resources reports H2 2016 profit as TiO2 strengthens
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...