Mining firm Kenmare Resources sees record revenue despite production issues

Production of titanium impacted by lightning strikes at company's mine in Mozambique earlier this year

Kenmare Resources managing director Michael Carvill said production in the first half of 2023 was 'unfortunately lower than our expectations, primarily due to a severe lightning strike in the first quarter and its lingering impact'.

Irish mining company Kenmare Resources has posted record revenues despite production being impacted by lightning strikes at its site in Mozambique earlier this year.

The company operates the Moma Titanium Minerals Mine in northern Mozambique and is one of the world’s largest producers of titanium minerals and zircon.