africa FDI Mining Mozambique Natural Resources

Mozambique: Kenmare increases production and export of heavy sands

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Irish mining company Kenmare Resources has extracted record amounts of minerals at the Moma heavy sands project in northern Mozambique’s Nampula province, the company said in a statement announcing the operational and financial data for the fourth quarter and 2017.

The document reports that ilmenite production increased by 11% to 998,200 tons, by 9% for zircon to 74,000 tons and that heavy mineral concentrate fell 6% to 1.323 million tons, with exports increasing 2% to 1.04 million tons.

The company added that the prices of all minerals it sells increased in 2017 and that there is a favourable forecast for ilmenite and zircon demand throughout 2018.

Kenmare Resources is working to increase mining capacity due to reduced product quality in the Namalope region, with a US$19 million investment plan this year.

Source: Macauhub

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