Kenmare endures production disruptions
Titanium and zircon producer Kenmare Resources reported a spate of production disruptions but maintained full year guidance in a first quarter update yesterday.
The north-Mozambique focused miner recorded a dip in heavy mineral concentrate production due to scheduled maintenance as well as unplanned stoppages as ilmenite and zircon production also dropped.
Despite first quarter production falling below the company’s expected average, managing director Michael Carvill said it was still expecting higher production volumes in subsequent quarters.
Kenmare shipped 267,200 tonnes of finished products in the quarter, up 4 per cent on the same period in 2017. The majority of that was ilmenite, for which the company has agreed a better price for the second quarter as demand rises.