Login | Free Trial | Subscribe | About us | Contact us | 中文
05 2017
9th Global Zircon Conference 2017 The “Global Zircon Conference” held by Ruidow is responded po..

Kenmare Resources endures production disruptions, maintains guidance

Apr. 12 2018      Source:irish times


Titanium and zircon producer Kenmare Resources reported a spate of production disruptions but maintained full year guidance in a first quarter update on Wednesday.
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 and anticipates achieving the guided aims.
Although production was dented, 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 increases in China.
Kenmare has also implemented “significant” price increases for its zircon products on the back of a solid demand growth and tight global supply.

2009 Copyright & ruidow.com, Inc. All Rights Reserved. all rights reserved. Beijing ICP Certificate No. 09060886

Address: Room 1608, No. 2 Pumanshan Building, No. 71 Songzhuang Road, Fengtai District, Beijing, China zip code: 100079

Tel: 86 10 87653120 Fax: 86 10 87653110 E-mail: beth@Ruidow.com