LSE-listed titanium minerals and zircon producer Kenmare Resources increased its 2021 production by 30% year-on-year, owing to a record 1.55-million tonnes being mined, and a 19% increase in ore grades to 4.63% as a result of wet concentrator plant (WCP) B’s relocation to the high-grade Pilivili ore zone in the third quarter of 2020.
The miner, which operates the Moma Titanium Minerals mine in northern Mozambique, increased its heavy mineral concentrate (HMC) production as a result of a 14% increase in excavated ore volumes, primarily as a result of a full year of production from WCP B in 2021.
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.