Thursday February 27, 2020

Weaker market conditions hit Kenmare profits

Mozambique focussed mining company Kenmare Resources saw profits fall in the first half of 2013 due to lower average market prices, primarily as a result of weaker market conditions.

28th August, 2013
Kenmare Resources' Moma mine.

Mozambique focussed mining company Kenmare Resources saw profits fall in the first half of 2013 due to lower average market prices, primarily as a result of weaker market conditions.

The company recorded an operating profit for the first half of 2013 of $6.9 million, down from $47 million in the first half of 2012.

Nevertheless, production volumes of the titanium feedstocks, Heavy Mineral Concentrate (HMC) and ilmenite, from its Moma mine increased by 24 per cent and 9 per cent....

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