Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Rare earths & specialist minerals

Base Resources on track to meet 2022 production goals as mining resumes at Kenya site

Base Resources said it remains on track to achieve its financial year 2022 production guidance

Base Resources Ltd said mining at its Kwale Operations in Kenya returned to normal over the last week after an outage caused by local flash flooding.

And the minerals sands producer told investors it remains on track to achieve its financial year 2022 production guidance.

A series of mitigations were implemented to reduce the likelihood of future flooding, despite it being an “abnormal weather event,” the group said.

These include the construction of extra storm water diversion bunds and the acquisition of supplementary high-capacity diesel dewatering pumps.

Its shares rose 2.9% to 16.0p on the news.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK