Mining firm Kenmare Resources forecasts 'robust demand' will offset shipping disruptions

The company suggested it may be impacted by potential tariffs on Chinese pigment imports into the EU, subsequently fuelling demand and prices for European pigment.

Outgoing Kenmare Resources managing director Michael Carvill. Picture: Jason Clarke

Irish mining company Kenmare said poor weather led to a sharp fall in materials shipments in recent months but this will likely be offset by demand and pricing above company expectations.

In a trading update, the company which operates one of the world’s largest ilmenite mines, Moma, in Mozambique, said total shipments by the end of June were 234,700 tonnes, plunging 18% on the same period a year earlier.