Poor weather through the March quarter has limited production and shipping volumes at Kenmare Resources’ Moma titanium minerals mine in Mozambique, but the world-leading mineral sands producer is confident better weather will keep it on track through FY2022.
Strong market conditions for all of Kenmare’s products continued throughout Q1 2022. Demand continues to be greater than supply and consequently, ilmenite prices increased for the sixth consecutive quarter, while inventories remain low throughout the value chain for all products.
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.