Monday February 17, 2020

Kenmare pays first dividend despite drop in profits

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

20th August, 2019
Kenmare's Moma mine

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.

Kenmare excavated a record amount of ore during the period, but bad weather affected shipments of finished product from the mine - which were down 18 per cent to 483,500 tonnes. But the company said shipments for the full year...

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