AIM-listed mineral mining company Base Resources has closed the Mukurumudzi Dam in Kenya.
The Mukurumudzi Dam is the primary water resource for the company's Kwale Project and has a storage capacity of 8.5 gigalitres.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Commissioning of the processing plant remained on schedule for practical completion in the third quarter of the year, the company added.
A statement issued by Base Resources described the closure of the dam as a "key milestone in the development of its Kwale Mineral Sands Project" in the East African country.
Base Resources' share price was up 0.96% to 26.25p at 08:00 on Tuesday.
MF
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
-
Review: The Grill at the DorchesterThe Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy
