PROFIT & LOSS

Base back in the black

Higher mineral sands production and prices have seen London and Australia-listed Base Resources (AU:BSE) swing to profit in its 2017 financial year.

Base says its Kwale mineral sands asset is now comfortably in the first quartile of the mineral sands cost curve

Base says its Kwale mineral sands asset is now comfortably in the first quartile of the mineral sands cost curve

A significant boost in free cash flow from its flagship Kwale mine in Kenya saw the company cut net debt by 37% year-on-year to A$76 million (US$60.5 million) as of the end of June. On top of this, Base...

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