Diversifed mining and exploration company Bauba Resources’ basic earnings per share and headline earnings per share decreased by 53.1% year-on-year for the financial year ended June 30, as a result of administrative delays in the processing of an amended water use licence application by the Department of Water and Sanitation and in the approval of amendments to the Moeijelijk mine’s environmental authorisation by the Department of Mineral Resources and Energy. These delays resulted in the loss of two months of opencast production and three months of wash plant concentrate sales, the JSE-listed company said on Wednesday.
