Base hits roadblock in Madagascar

BASE Resources has been told to stop work at its planned Toliara mineral sands development in Madagascar “whilst discussions on fiscal terms applying to the project are discussed”.

Base hits roadblock in Madagascar Base hits roadblock in Madagascar Base hits roadblock in Madagascar Base hits roadblock in Madagascar Base hits roadblock in Madagascar

Base's ambition to fire up a second operation in Africa have hit a snag in Madagascar

Details on the dispute were not disclosed by Base.

The prefeasibility study completed in March cited a corporate income tax rate of 20% and government mineral royalties of 2%.

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