trending Market Intelligence /marketintelligence/en/news-insights/trending/ZDYaeq6AN9gOj1Tue4kFTw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Base Resources study refines Toliara heavy mineral sands project's economics

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Base Resources study refines Toliara heavy mineral sands project's economics

Base Resources Ltd.'s definitive feasibility study for its Toliara heavy mineral sands project in Madagascar outlined a posttax net present value, discounted at 10%, of US$652 million, a 21.4% internal rate of return and a 4.25-year payback period.

A pre-feasibility study in March outlined a posttax net present value, discounted at 10%, of US$671 million, a 22.4% internal rate of return and a four-year payback period.

The company will focus on concluding off-take and funding arrangements ahead of a final investment decision planned for September 2020, Managing Director Tim Carstens said Dec. 12.

First-stage capital expenditure to build a 13 million-tonne-per-annum processing operation over 26 months will be US$442 million. An upgrade to a 19-mtpa operation after four years of initial production is estimated to cost another US$69 million.

Operating costs were estimated at US$76.9 million per annum, including a 2% government royalty.

Estimated production is 780,000 tonnes of ilmenite, 53,000 tonnes of zircon and 7,000 tonnes of rutile annually over a 33-year mine life, excluding the first and last partial operating years.

Average annual revenue is estimated at US$248.2 million, with EBITDA of US$164.3 million per annum.