Mozambique: Kenmare delivers record shipment volumes for 3rd year
Mozambique-focused titanium minerals producer Kenmare Resources on Wednesday announced “strong” preliminary results for the 2018 financial year.
Read MoreMozambique-focused titanium minerals producer Kenmare Resources on Wednesday announced “strong” preliminary results for the 2018 financial year.
Read More(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 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 MoreThe production at a heavy sands project in Moma in northern Mozambique, recorded a 3.0 percent increase in the first half of the year, Irish company Kenmare Resources said Monday in a statement quoted by Macauhub news agency.
Read MoreKenmare Resources (LSE: KMR, ISE: KMR) has announced that the Moma Titanium Minerals project in Nampula Province, north Mozambique is now working normally following a temporary suspension of operations as a result of the unofficial industrial action announced on the 24 June. According to the company Managing Director, Michael Carvill, all employees have now returned to work. “The Company stands by the tripartite agreement made with the Union and Department of Labour in March concerning…
Read MoreThe recent floods which occurred in Nampula province, northern Mozambique, affected the activity of Irish company Kenmare Resources, which explores heavy minerals deposits in Moma, the company said in a statement. The floods have led to the power transmission line between the provincial capital, Nampula and the mine to fall down and the company was forced to operate using generators.
Read MoreLondon-listed Kenmare Resources has entered into discussions with Australian mineral sands miner Iluka Resources over a potential bid for the Irish miner. The company operatinf Moma rare earths project in Mozambique Nampula province initially rejected the proposed takeover after receiving a nonbinding conditional proposal from Iluka in June, Miningweekly reported.
Read MoreAustralia’s Iluka Resources has made an offer of US$780 million to buy Irish company Kenmare Resources, whose main asset is the Moma heavy sands mine in Nampula, Mozambique, the Australian company said recently.
Read MoreIrish company Kenmare Resources posted a loss of US$17.9 million in the first half, after a profit of US$6.9 million in the same period of 2013, the company said in a statement.
Read MoreIrish company Kenmare Resources has rejected an acquisition proposal from Iluka Resources, arguing that the world’s largest zircon producer had not recognised the real vale of Kenmare’s mining asset in Moçambique, the Irish company said in a statement.
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