Kenmare cashes in on high prices but has sludge problem

Titanium feedstock miner, Kenmare Resources, has reported rising profits but says it needs to buy new dredging equipment for its main asset, the Moma mine in Mozambique.

Titanium feedstock miner, Kenmare Resources, has reported rising profits but says it needs to buy new dredging equipment for its main asset, the Moma mine in Mozambique.

Moma produces ilmenite, zircon and rutile; all are ingredients used to make titanium oxide pigment and titanium metal, and the demand for both is booming in emerging economies.

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