Kenmare Resources told shareholders yesterday that production from its titanium mine in Mozambique is on target.
The mine, at Moma, Mozambique, moved into full production late last year. The company is planning to expand capacity to meet anticipated increased demand for the commodity on world markets.
Yesterday, it said April figures showed that production of ilmenite, a titanium mineral and Moma’s main product, was 57,307 tonnes, 14 per cent up on the monthly average for the first quarter. Production of other minerals was also ahead.