Kenmare posts 40% revenue rise despite pigment destocking
Kenmare Resources posted a 40 per cent in revenue for 2012 despite continued destocking by pigment and paint producers of the titanium products it mines, it said.
Kenmare Resources posted a 40 per cent in revenue for 2012 despite continued destocking by pigment and paint producers of the titanium products it mines, the company said in a trading update.
The Dublin-based company, which runs one of the biggest titanium mines in the world in Mozambique, said that global titanium feedstock inventories are depleting meaning an improvement in demand outlook.
Titanium feedstocks, such as ilmenite and zircon, are used to manufacture pigments for a very...
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