CAPITAL MARKETS

Kenyan mining law shakes Base

SHARES in Base Resources plummeted this morning after the Kenyan government passed a regulation to mandate a 35% minimum equity participation in mining licences. The company has the Kwale mineral sands project in Kenya.

Brooke Showers

Kenyan mining law shakes Base

Base shares fell more than 30%, or A12.5c, to 29c in morning trade, following the announcement late on Friday. The regulation says that “it shall be a condition of every mining licence that the mineral...

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