Hi 2ic,
You’re difficult to please!They added around US$43m to their bank account over the previous 12 months, all while spending US$25m on Toliara and moving to the southern dune. I’m not sure I’d call Kwale a low margin producer just yet ... different story when they move to the north dune in a few years time though.
Will have to see what happens with mineral sands demand and pricing. I’ve also been watching the developments over at IMA ... may just be an isolated case with them selling HMC to one customer.
Good news for BSE, page-17
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