Kenmare Resources' shares fall sharply on production issues

UPDATE: Production at Kenmare Resources’ Moma mine in Mozambique is likely to be up to 10 per cent less than what the company previously indicated, it said in a trading update.

28th November, 2012
Kenmare Resources' shares fall sharply on production issues
Kenmare Resources' Moma mine in Mozambique.

Production at Kenmare Resources’ Moma mine in Mozambique is likely to be up to 10 per cent less than what the company previously indicated, it said in a trading update.

The company's share price fell 5.8 per cent in early London trading this morning. This followed share price rises yesterday after Bank of America Merrill Lynch said Kenmare's "long-life and low-cost resource base" may make the group attractive for a takeover.

This morning's update from the...

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