Base Resources' annual profits jump on higher mineral sands prices

By William Clarke
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 production.

Base's annual revenues rose by rose 5.3% year on year to $209.5 million in its financial year to June 2019, with pre-tax...

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