A drop in sales in the second half of 2017 was more than offset by increasing mineral sand prices, according to Base Resources.
Base Resources, whose head office is in Australia, has reported rising prices and increased revenue in its half-year results to the end of December 2017, and has forecast further strength in the titanium dioxide feedstock market.
The higher prices helped to raise sales revenue from the company’s Kwale mine in Kenya by 28% year-on-year to A$115.9 million ($89.62 million) in the second half of last year, despite lower sales volumes.
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