Kenmare reports narrowing of loss for 2016

By Kasia Patel
Published: Wednesday, 22 March 2017

While revenue for 2016 saw a decline y-o-y, the mineral sands miner reported an improvement in ilmenite prices and zircon sentiment in the second half of the year, forecasting a better 2017 on the back of higher secured contract prices.

Ireland-headquartered mineral sands miner Kenmare Resources has reported a loss of $15.23m for 2016, an improvement from a loss of $60.62m in 2015, according to its preliminary results statement.

Despite record production and sales for all of its products, the company saw revenue for the year decline slightly...

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