Posted in | News | Titanium | Zircon

Kenmare Resources Boosts Titanium Mineral Output at Moma Project

Kenmare Resources announced that its Moma project mineral concentrate output had increased by 8% in the second half of last year as compared to the first half.

Listed on the Irish and London Stock exchanges the company is happy at the increase as this was despite mining operations being halted for a month due to a tailings pond breach in October. This caused water, sand and clay to flow thorugh a nearby village in northern Mozambique near the Moma mine.

Mining operations were resumed on November 9, 2010 after extensive repairs ensured that there would be no repetition of the spillage. The mine has been operating at full capacity levels since then.

The Dublin based company said that the production of ilmenite had increased by 12 % and the output of zircon had gone up by 21 %. The output of heavy concentrate rose to 496,190 metric tons in the last six months of 2010.

The producer of titanium minerals has seen Mona output almost reach capacity and the Kenmare management is already set with an expansion program. The proposed expansion will help to improve the production capacity at the mine by 50 %. Analysts agree that now is a good time to invest in the company.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


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