Kenmare on track to achieve full-year guidance after strengthened third-quarter output
Kenmare is on track to achieve its revised full-year production guidance at its Moma mine, in Mozambique, after output strengthened in the third quarter, MD Michael Carvill says.
Heavy minerals concentrate production decreased by 7% year-on-year to 414 600 t, but was 30% higher than in the second quarter of this year.
Ilmenite production decreased by 4% year-on-year but increased by 32% quarter-on-quarter, while primary zircon production decreased by 18% year-on-year, but increased by 22% quarter-on-quarter.
Kenmare's total shipments of finished products reached 163 400 t for the third quarter.
"Following strong product pricing in the first half of this year, weaker global economic activity impacted the markets for Kenmare’s products in the third quarter, although demand for our high-quality ilmenite remains resilient.
"Shipments were impacted by the loading of two vessels completing after quarter-end, meaning they will be attributed to the fourth quarter," says Carvill.
Meanwhile, the definitive feasibility study for the upgrade and relocation of Wet Concentrator Plant A is expected to be completed in the first half of 2024, with orders already placed for the replacement dredges, given their long lead times.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation