Kwale crosses halfway mark
PERTH (miningweekly.com) - Mineral sands developer Base Resources on Tuesday told shareholders that the development of its Kwale project, in Kenya, was progressing on schedule, with 50% of the project now completed.
The Kwale project, which would produce some 4.7-million tons of final product over a 13-year life-of-mine, was currently on schedule for practical completion in the September quarter of 2013.
Base recently confirmed that the project would be exempt from a 35% local equity participation regulation, as this could only be applied to mining licences issued after the regulation came into force in October last year.
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