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BRIEF-Base Resources receives a force majeure notice from a counterparty

Published 13/01/2016, 06:59 pm
© Reuters.  BRIEF-Base Resources receives a force majeure notice from a counterparty
BSE
-

Jan 13 (Reuters) - Base Resources Ltd BSE.AX :

* Says it has received a force majeure notice from a counterparty to an

Ilmenite sales agreement

* Says notice is stated to be in response to incidents that have occurred

causing significant delays in commissioning the counterparty's slag furnace

* Notice advises that repairs, further damage assessment and rectification

works will be required

* Sales agreement seeking to suspend the counterparty's obligations under the

agreement

* Says potential delay is not yet known

* Company will also explore all available options for selling the ilmenite

concerned to other customers

* The 100,000 tonne per annum agreement applies for a further three years from

1 February 2016

* Source text for Eikon ID:nASX3PVncd

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