Kenmare Resources on track for 2025 production guidance

Kenmare Resources on track for 2025 production guidance

Titanium and zircon miner Kenmare Resources said today it is on track to achieve 2025 production and cost guidance, with higher anticipated excavated ore volumes expected to increase production in the second half of the year.

Kenmare to book $125m impairment amid oversupply

KENMARE Resources announced on Wednesday it would book an impairment of no more than $125m on its first half accounts as it expected long-term prices for its minerals to be “slightly lower” than forecast. The UK-listed firm operates the Moma mine in northern Mozambique which produces titanium feedstocks ilmenite – used primarily in the paint pigment industry – and rutile. It also mines zircon which is consumed by the ceramics industry. The Moma …