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Kenmare plans to increase production of ilmenite by a large quantity

Feb.04 2020      Source:ruidow

Keywords:increase ilmenite

Kenmare resources PLC achieved record shipments in the fourth quarter of 2019 and a record mining volume in fy19F. The company's future goal is to produce 1.2 million tons of ilmenite annually from 2021 by increasing mining capacity and improving average ore grade. 35% more than 2019.

These growth projects are expected to improve the company's profit margin and provide stronger cash flow stability.

 

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