Kenmare boosts mineral sand production, revenues

By William Clarke
Published: Wednesday, 13 March 2019

Kenmare has reported higher mineral sand production and revenues in 2018, although ilmenite output fell, while higher zircon prices boosted profits.

Mineral sand producer Kenmare reported revenues at its Moma mine in Mozambique of $262.20 million in 2018, up by 26% on 2017, driven by higher volumes and prices. But the unreliability of electricity supplies poses a threat to the company’s expansion plans.

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