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Rare earths & specialist minerals

Base Resources maintains guidance despite flash floods in Kenya

One of three HMUs is now back in operation and delivering approximately 45% of normal mining volumes.

Base Resources said mining at its Kwale operation in Kenya has been affected by recent severe rainstorms but kept guidance for the current year unchanged.

Flash flooding overwhelmed the dewatering systems for the three operating hydraulic mining units (HMUs), Base said in a statement.

Recovery work is underway, with one of three HMUs back in operation and delivering approximately 45% of normal mining volumes.

The remaining two HMUs are currently not operating as they continue to be dewatered and replacement of the pump motors progresses.

“While the timing for returning to full mining volumes is uncertain, it is not currently expected that the company’s production guidance for financial year 2022 will need to be revised,” said the statement.

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