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BSE, BASE RESOURCES LIMITED
blacksheep
post Posted: Nov 7 2019, 07:17 PM
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Haven't followed BSE for a while but noticed todays announcement after the market close

Toliara Project – Government of Madagascar statement

QUOTE
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that an official
statement has been released by the Government of Madagascar requiring the suspension of on-the-ground activity at the Company’s
Toliara Project whilst discussions on fiscal terms applying to the project are progressed.


This development will not impact the Company’s progression of the Definitive Feasibility Study for the Toliara Project as all necessary
on-ground works have been completed. The Definitive Feasibility Study remains on track for release in December 2019.

Unfortunately, however, this suspension will impact the community development programs currently underway and the several
hundred local Malagasy people who are presently undertaking training programs with the Toliara Project. This is clearly regrettable.

The Toliara Project enjoys broad community support, locally, regionally and nationally, as the significant economic and social benefits
are clear. While there were some early community protests, these have dissipated with an extensive communication program better
explaining the project and the opportunity it represents. The few more recent localised events have represented illegal actions by
a small minority that were dealt with by the Malagasy legal system. It is therefore disappointing that the Malagasy government has
now stated this as a justification for requiring a suspension.

The Company will continue to engage in a transparent and respectful dialogue with Government to deepen its understanding of the
significant benefits of the project to Madagascar and secure agreement on mutually beneficial fiscal terms that represent a sound
and sustainable basis on which the Toliara Project may proceed to development.

A further update will be provided when discussions with Government have progressed.


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 2 2018, 07:35 PM
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In Reply To: blacksheep's post @ Jan 29 2018, 11:29 AM

Not sure if this is applicable to BSE, since they have an existing ML which would include agreed terms & conditions - the article contains a picture of BSE's operation

Mining firms to list on NSE in new law
MONDAY JANUARY 29 2018

QUOTE
Companies investing at least $100 million in Kenya’s mining sector must have 24 per cent local shareholding through the stock exchange within three years of operations.

The requirement is contained in the Mining (Local Equity Participation) Regulations of 2017 drafted by the Ministry of Mining, and applies to firms extracting gold and other minerals but excludes crude oil and natural gas that are under the jurisdiction of the Energy Ministry.

Mining Cabinet Secretary Dan Kazungu said the regulations will allow Kenyans to participate in developing mineral resources by acquiring equity of mining companies and enabling extraction firms raise capital locally.

“The minimum local shareholding for a holder of a mining licence shall be obtained through a public offer in accordance with provisions of legislation relating to capital markets and listing rules of stock exchange,” he said.


http://www.theeastafrican.co.ke/business/M...y0pz/index.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 29 2018, 11:29 AM
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In Reply To: blacksheep's post @ Jan 1 2018, 06:27 PM

SP up 3.7% currently @ 28c. ILU also up today with positive production, sales, pricing and demand results/outlook for mineral sands - extract below - ILU data may be giving BSE's SP a lift?

QUOTE
MINERAL SANDS MARKETS
Mineral sands market conditions have improved significantly throughout 2017, with positive indicators in both
the zircon and high grade titanium dioxide markets. This momentum has continued throughout the fourth
quarter and Iluka anticipates, in the absence of a deterioration in global economic conditions, favourable
market conditions to continue through 2018.

Zircon
Iluka’s full year zircon sales volumes of 380 thousand tonnes represents growth of 12% from full year 2016.
Declining valuable heavy mineral grades and general assemblage decline across the industry has constrained
product availability and, although first evident in 2016, the supply/demand imbalance has grown over 2017 to
what appears now to be a structural deficit. Unlike 2016 when there was significant re-stocking, the imbalance
has been made more acute in 2017 by underlying demand growth in most geographies; in particular Europe,
India, the Americas and East Asia. China remains the exception where environmental controls forced many
plants to shut, resulting in what Iluka believes to be temporary reductions in demand as consumers of zircon
upgrade and/or relocate facilities.

Demand remained strong in the fourth quarter with inbound enquiries exceeding what Iluka was prepared to
supply given impending production constraints; hence the small decrease in volumes half-on-half. In what is
now a very tight market, Iluka’s approach has been to continue to prioritise supply to its long standing
customers. The Zircon Reference Price4 was increased to US$1,230 per tonne effective from 1 October for a
six month period and this has been well accepted by the market

It is understood that some competitors have increased prices by ~US$125 per tonne in the first quarter 2018;
Iluka’s next pricing review will be effective from 1 April 2018

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 3 2018, 01:03 PM
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In Reply To: blacksheep's post @ Jan 1 2018, 06:27 PM

Can producers push through TiO2 price hikes in 2018?
By WILLIAM CLARKE
Published: Friday, 22 December 2017
extract
QUOTE
Pigment prices next year, but some note that buffer stocks are more comfortable, which could limit increases.

here is consensus in the market that titanium dioxide producers will attempt to enact price increases when buyers return to the market next year.

But there is much more uncertainty in just how successful these attempts will be, with reports of rising stocks, and at least one major consolidation in the market now in question.

One buyer told Industrial Minerals that he expected the price he paid to rise by around 8-10% by the first quarter of 2018.

But a seller struck a more cautious tone, as he noted that end consumers are now well stocked. "Inventories are high… this could make it hard for [the producers] to raise prices."

http://www.indmin.com/Article/3777543/Can-...es-in-2018.html
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 1 2018, 06:27 PM
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extract from recent AFR article
Bullish on mineral sands
QUOTE
Most pundits are also bullish on mineral sands, which is good news for ASX-listed producers like Iluka Resources and Base Resources.

Deutsche believes prices for two of the major mineral sands – zircon (which is used in ceramics) and titanium dioxide (which is used as a whitener in paint) – can both rise by a further $US100 per tonne in 2018.

But Deutsche analyst Paul Young adds that prices for zircon are already in "incentive pricing" territory, which means new mines could be brought into production and spoil the party before 2020.

"We can identify seven highly probable projects that should deliver an additional 240,000 tonnes (of zircon) by 2020," Young says in a note.

Don't be surprised if the world's major titanium dioxide producers, such as Rio Tinto, also ramp up production and bring to an end the rising price tide of the past few years.


Read more: http://www.afr.com/markets/equity-markets/...f#ixzz52v305gag

Similar price increase suggestions for TiO2 from ICIS in this note - https://www.icis.com/resources/news/2017/12...ly-constraints/
15 December 2017 16:24 Source:ICIS News
QUOTE
LONDON (ICIS)--The European titanium dioxide (TiO2) market’s upward price momentum is continuing into the first quarter (Q1), with early settlements showing increases of €100/tonne and slightly above on the back of underlying supply limitations.

https://www.shortman.com.au/stock?q=bse
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 24 2017, 08:58 PM
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In Reply To: nipper's post @ Jul 24 2017, 08:39 PM

Yes, Kwale is their flagship - >

Introducing Base Titanium

Base Titanium Limited is a wholly-owned subsidiary of Australian and UK-listed resources company, Base Resources Limited (ASX and AIM: BSE). Its flagship development is the Kwale Mineral Sands Project in Kwale County, 50km south of Mombasa.

http://basetitanium.com/company-profile/company-overview



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


nipper
post Posted: Jul 24 2017, 08:39 PM
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In Reply To: blacksheep's post @ Jul 24 2017, 08:34 PM

is a mineral sands producer, focused on the Kwale Mineral Sands Operations in Kenya, East Africa. In late 2013 the Company commenced production of ilmenite, rutile and zircon, with first export sales in early 2014.

Kwale is located 10 kilometres inland from the Kenyan coast and 50 kilometres south of Mombasa, the principal port facility for East Africa. The project was acquired by Base in 2010. Following the completion of feasibility study enhancements and financing, development of Kwale commenced in October 2011.

The Project is based on a mine life of 13 years, and features a high grade ore body with a high value mineral assemblage. Kwale is a robust project, ramping up to an annual production of 80,000 tonnes of rutile, 360,000 tonnes of ilmenite and 30,000 tonnes of zircon, making Base a globally significant producer of mineral sands products.

The success of the Kwale Project provides a model and platform to launch Base on the next stage of its development.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 24 2017, 08:34 PM
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Base Titanium doubles government royalties
Jul. 24, 2017, 12:30 am
By STAR REPORTER

QUOTE
Base Titanium is set to double royalties paid to the government to five per cent once talks with the ministry of mining are completed.

The firm’s general manager external affairs and development Joe Schwarz said that they have agreed in principal with the ministry of mining to add up the royalties without giving specific timelines.

“As soon as we are able to conclude the agreement and wrap that to the mining lease we will be paying royalties at five percent, it’s a matter of now concluding the ministry of mining how we move forward with that,” Shwarz said.

The Australian firm had in 2015 agreed to revise the royalty, proposing a formula for doubling the rate to five per cent for the first five years of operation.

Base Titanium which currently accounts for 57.08 per cent of total earnings from the mining industry announced that it paid royalties to the tune of$4 million (Sh415.72 million) in royalties over the last 12 months. The firm has so far paid royalties to the government to the tune of Sh1 billion.

Plans by the state to increase the royalties on various minerals have been resisted by major prospecting firms following a legal notice issued by the former Mining CS Najib Balala proposing that royalties be increased from less than 2.5 per cent to highs of 12 per cent for some minerals.

Under the 2013 legal notice royalties on diamonds were to amount to 12 per cent of the gross sales value, while niobium, titanium ores, zircon, and rare earth elements and radioactive minerals, would attract a rate of 10 per cent..... see link for complete details


http://www.the-star.co.ke/news/2017/07/24/...alties_c1602488

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
arty
post Posted: Nov 22 2012, 01:22 PM
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In Reply To: daggie's post @ Nov 22 2012, 01:09 PM

Could this chart explain the reason?

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You may have found it because it seems to be recovering from that huge drop; but at this stage it's still uncertain, which gap has the better chance of being closed...
I'll keep watching, but won't jump too early.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)

Said 'Thanks' for this post: daggie  
 
daggie
post Posted: Nov 22 2012, 01:09 PM
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In Reply To: ShareScene.com's post @ Jul 2 2010, 12:14 PM

There appears to be no interest about BSE - just wonder why.

 
 


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