Kenmare Resources upbeat on full-year prospects

Kenmare Resources has forecast increased production for the second half of this year as conditions continue to improve at its operations in southern Africa.

The Irish mining firm — which owns and operates the Moma titanium mine in Mozambique — yesterday reported record quarterly shipments and strong rises in production for the second quarter of this year. It is due to report half-year financial results later this month.

Earlier in the summer, Kenmare copperfastened a major fundraising deal allowing for the slashing of $200m of debt.