Posted in | 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

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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