Kenmare boosts mineral sand production, revenues
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.
"Average received prices for our products...