Profit fall dents Kenmare Resources dividend cheer

Irish mining company Kenmare Resources is confident of improving profits and meeting full-year production targets despite turbulent weather in its focus country of Mozambique damaging first-half profitability.

The company owns and operates the Moma titanium mine in the south-eastern African nation. While the mine was not hit by the two cyclones which devasted parts of the country earlier this year, shipping of product from Moma was impacted.