Titanium and zircon miner Kenmare Resources has reported a big jump in profits and revenues for 2021 after what it called a record year for the company.
Kenmare, which operates the Moma Titanium Minerals Mine in northern Mozambique, also said that prices were on average 21% higher in 2021 compared to 2020.
The company said its profit after tax for the year to the end of December soared by 669% to $128.5m due to higher EBITDA, which was partially offset by increased depreciation charges.
Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.