Kenmare forecasts weaker demand due to falling commodity prices

Irish mining company, which operates the Moma mine in Mozambique, said last week that it would return over $50 million in dividends to shareholders

Michael Carvill, managing director, Kenmare Resources. Picture: Steve Humphreys

Kenmare Resources, the Irish mining company, is forecasting weaker sales and demand for its products this year due to a slowing global economy and falling commodity prices.

The Dublin-headquartered mining firm, which operates the Moma mine in Mozambique, is one of the world’s largest producers of titanium minerals and the single largest supplier of ilmenite. The materials are used in the manufacture of paper, plastics, fabrics, cars and other household items.

Last week the company ...