Kenmare pays first dividend despite drop in profits

Kenmare pays first dividend despite drop in profits
Kenmare's Moma mine

Kenmare excavated a record amount of ore from its Moma mine during the first half of 2019, but bad weather affected shipments of finished product

Dublin-listed mining company Kenmare Resources has declared its first dividend payment to shareholders, despite reporting lower revenue and profits, amid increasing demand for minerals produced at its Moma mine in Mozambique.

The mine produces titanium and other minerals, including ilmenite and zircon. Moma accounts for 7 per cent of the world’s supply of titanium, which is used in the raw materials for hundreds of products.

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