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BASE RESOURCES LIMITED : - Updated Kwale South Mineral Resources and Ore Reserves
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Richards Bay port to play role in Transnetâs natural gas strategy
By Given Majola
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THE PORT of Richards Bay has been identified as one of three ports to support Transnetâs natural gas strategy, which seeks to provide storage and import facilities for South Africaâs growing natural gas sector.
In the short-to-medium term, the port will support the liquefied natural gas (LNG) power generation facilities and in the longer-term, LNG import facilities.
Portia Derby, the chief executive of state-owned rail, port and pipeline company Transnet, led a stakeholder engagement session on Friday where she shared the plan for the port of Richards Bay with the local government, business community and traditional leadership within Umhlathuze and the surrounding areas.
BASE RESOURCES LIMITED - Quarterly Activities Report - March 2021
PR Newswire
Key Points
Kwale Operations maintained operational consistency through the quarter with health and safety protocols in place to minimise the risk of COVID-19 to personnel and surrounding communities.
Kwale Operations FY21 production guidance increased for both ilmenite and zircon.
Ilmenite and rutile prices trended upwards in the quarter, with higher zircon prices secured for the June quarter.
Kwale North Dune PFS completed, with a focused study on mining higher grade subsets of the North Dune and Bumamani deposits underway and due in mid-2021.
Discussions with the Government of Madagascar on Toliara Project fiscal terms continue to progress.
COVID-19 UPDATE
Base Resources continues to closely monitor the COVID-19 pandemic and its impacts on the Company’s business, people and wider stakeholders. The Company’s in continue to operate under a suite of mitigations aimed at protecting the health and safety of our employees and neighbouring communities, including modified workplace practices and a focus on hygiene and social distancing. As the number of COVID-19 cases in and have increased significantly in recent weeks, the Company has also re-introduced work-from-home protocols for non-operational staff. The Company is also assisting governments and communities in both and with several initiatives, primarily involving the construction of hygiene facilities, and the donation and distribution of food and medical supplies and equipment.
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