Mineral sands producer Kenmare Resources on Tuesday announced its dividend policy, a watershed moment for the company, with dividends to be based on a minimum of 20% of profits after tax.
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(Reuters) – Titanium minerals miner Kenmare Resources Plc said on Monday pretax profit for the first half of the year jumped nearly three-fold, as it shipped more finished products to China and other Asian markets.
Read MoreTitanium and zircon producer Kenmare Resources still expects to meet the mid-range of its 2018 full-year production guidance, despite a 12% year-on-year decrease in heavy minerals concentrate (HMC) output at its Moma mine, in Mozambique, in the first quarter of the year.
Read MoreKenmare Resources has made significant strides as it returned to profitability and delivered record production from its Moma titanium minerals mine, in northern Mozambique, during the year ended December 31.
Read MoreIrish mining company Kenmare Resources has extracted record amounts of minerals at the Moma heavy sands project in northern Mozambique’s Nampula province, the company said in a statement announcing the operational and financial data for the fourth quarter and 2017.
Read MoreMozambique mineral sands producer, Kenmare Resources, would try to match last year’s record ilmenite production in 2018, but the general outlook was a slight fade in output.
Read MoreKenmare Moma Mining, a subsidiary of Ireland’s Kenmare Resources, is planning five public sessions in Mozambique this month on the need to relocate people to expand its heavy sands exploration, according to Mozambican daily newspaper Noticias.
Read MoreKenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, announced today strong results regarding its six month period ended 30 June 2017 (“H1 2017”).
Read MoreKenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, today announced its results for the six month period ended 30 June 2016 (“H1 2016”) with special attention to its record 7% increase in shipments of finished products.
Read MoreThe Irish company Kenmare Resources, which is mining the titanium-bearing heavy mineral sands in Moma, on the coast of the northern Mozambican province of Nampula, shipped record levels of ilmenite and zircon in the second quarter (Q2) of 2016.
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