Base Resources' annual profits jump on higher mineral sands prices
Published: Tuesday, 27 August 2019
Base Resources attributed the 15% rise in pre-tax profits to strong zircon and rutile prices outweighing falling production at the Kwale facility in Kenya.
Mineral sand miner Base Resources saw
record revenues and higher profits in the 12 months to June 30,
2019, due to rising mineral prices, which outweighed lower
Base's annual revenues rose by rose 5.3% year on year to
$209.5 million in its financial year to June 2019, with