Mining company says its shipments have dropped 18%
Titanium minerals miner Kenmare Resources said on Wednesday its search for a successor to its managing director of almost four decades, Michael Carvill, “is approaching its conclusion” and the new head before it unveils interim financial results in four weeks.
Production of ilmenite, which is used in the manufacture of everything from paints and plastics to ceramics and textiles, rose 8 per cent at the mine to 238,600 tonnes. Production of primary zircon, which is widely used in the foundry industry, jumped 12 per cent to 13,000 tonnes. “Chinese pigment producers continued to produce at record levels during the quarter. Demand for Kenmare’s ilmenite was also bolstered by an uptick in operating rates among pigment producers in Europe and the United States to meet stronger underlying demand, as well as some restocking of titanium feedstocks,” it added.
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