Kenmare Resources lowers production targets after Covid delays

Att: Business DeskPictured at signing of Moma loan agreement are from left, Mr. Tony McCluskey, Finance Director and Mr. Michael Carvill Managing Director Kenmare Resources Plc. Picture Colm Mahady/Fennells

Irish mining firm Kenmare Resources expects to produce 700,000-800,000 tonnes of ilmenite this year.

The target – which represents a partial reinstatement of performance guidance following a Covid-driven pause to forecasts – is down from the 800,000-900,000 tonne target before guidance was withdrawn.