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.

30th January, 2013
Kenmare's huge Moma mine in Mozambique.

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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 6 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 6 years ago