Kenmare H1 revenue falls on low mineral sands prices

By Kasia Patel
Published: Wednesday, 24 August 2016

While a large number of contracts were signed towards the end of 2015 for H1 2016 resulting in lower prices throughout the first half of the year, Kenmare said tightening ilmenite supply was starting to give way to higher prices as it looks to secure contracts for the second half of the year.

Mineral sands producer Kenmare Resources Plc saw its revenue for the first half of the year fall 24% as a result of lower average prices in 2016 in addition to a reduced value sales mix, the company said.

Total revenue fell to $56.2m compared with $73.9m in the first half...

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