Kenmare sales increase 24% as Iluka negotiations continue

By Kasia Patel
Published: Friday, 17 October 2014

The company’s total mineral sands shipments have seen an increase over the third quarter owing to stabilising zircon demand and improved economic activity in the US, which is driving TiO2 demand. However, strong TiO2 demand in China is failing to materialise into higher feedstock sales as the country continues to develop its own supply.

Kenmare Resources Plc. has confirmed that its discussions with Australian miner Iluka Resources Ltd continue to centre on valuation of the company's assets.

Michael Carvill, Kenmare's managing director, said that problems affecting the company's mineral sands production in the third quarter of this year were not a factor in the...

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