GREY:VAALF - Post by User
Post by
lilswedeon Mar 27, 2012 2:32pm
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Post# 19723947
Base Resources
Base Resources Kwale set to begin production in 2013, wonder if Vaaldiam managemnet will give their long suffering shareholders a divy from the royalties they get, or just waste that money too.
With development financing secured, Base has now commenced project implementation activities and is targeting first production and shipment in the second half of 2012. Indicative key milestones in the implementation schedule include:
- Commence EPCM detailed design: Oct 2011
- Site earthworks commence: April 2012
- Wet Concentrator Plant (WCP) at practical completion: Q2 2013
- Mineral Separation Plant (MSP) at practical completion: Q3 2013
- Commissioning: Q3 2013
- Port ready to receive concentrate: Q3 2013
- First shipment: Q4 2013