Kenmare Resources improves cash position following strong quarter of shipments

The company is one of the world’s leading producers of titanium feedstocks via its Moma mine in Mozamboque.

Managing Director Kenmare Resources Michael Carvill. Picture Jason Clarke

Irish mining firm Kenmare Resources improved its cash position at the end of 2022 as it recorded strong shipments in Q4, despite operational challenges including a power outage.

In its latest trading update, the company said it moved to a net cash position of $27m (€24m) at the end of 2022, which represents a $110m (€101m) improvement from the previous year.