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.
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Mozambique Mining: Kenmare’s H1 profit surges on stronger Chinese demand
(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 MoreMozambique Mining: Kenmare back to profits after record output
Kenmare 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 MoreMozambique Mining: Kenmare Resources reports 3% increase in minerals exports
The 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 MoreMozambique Mining: Production recommences at Kenmare Moma Mine
Kenmare 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 MoreMozambique Mining: Floods with negative impacts on Kenmare Resources operations
The 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 MoreMozambique Mergers & Acquisitions: Kenmare Resources mulls Iluka bid
London-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 MoreMozambique Heavy Minerals: Iluka Resources offers US$780 million for Kenmare Resources Moma mine
Australia’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 MoreMozambique Mining: Kenmare Resources posts loss at Moma heavy minerals project
Irish 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 MoreMozambique Mining & Gas Industry: Kenmare Resources rejects acquisition proposal due to low valuation of Moma mine in Mozambique
Irish 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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