Base Resources acquired theKwale Mineral Sands Projectin 2010 which is located in thesouthern part of the country.The company has a strongrelationship with the Kenyangovernment and have reachedan agreement with throughbespoke tax concessions.According to this agreement,Base Resource’s tax rate willbe halved from 30% to 15% during the first 10 yearsof the Kwale project. Thegovernment will receive 2, 5%royalties in the first 5 years, there after it’ll be determinedby the new Mining Policy. Kwalewill contribute to 0.6% ofKenya’s GDP and is expected to triple export earnings toapproximately US$2.2 millionin sales. The Kwale project willalso be responsible for 14% of the world’s supply of rutile oncein production and could produceapproximately 146 millionmetric tonnes of mineral sands.
I like that!
- Forums
- ASX - By Stock
- base resources exempt for next 10 yrs atleast?
Base Resources acquired theKwale Mineral Sands Projectin 2010...
Featured News
Add BSE (ASX) to my watchlist
|
|||||
Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $318.0M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 26.8¢ | $360.8K | 1.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46216 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 735214 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 231320 | 0.265 |
3 | 120327 | 0.260 |
1 | 20000 | 0.255 |
11 | 419152 | 0.250 |
2 | 20198 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 735214 | 10 |
0.280 | 1673780 | 18 |
0.285 | 466312 | 7 |
0.290 | 1376661 | 25 |
0.295 | 388559 | 16 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
BSE (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online