Kenmare Resources has forecast increased production for the second half of this year as conditions continue to improve at its operations in southern Africa.

Shares in Irish mining firm Kenmare Resources surged nearly 29% yesterday on the back of it copperfastening a deal that will slash its debt by over $200m (€258m).

Irish mining firm, Kenmare Resources is anticipating a stronger production roll-out for the second half of the year, after seeing the first six months blighted by storm-related power failures.

Kenmare Resources chief, Michael Carvill has said that the company’s future is not dependent on it being taken over and says it has a viable independent future if not acquired.

Irish mining firm Kenmare Resources has secured a one month extension to its deadline for ongoing debt restructuring talks.

Irish mining firm Kenmare Resources is in discussions that could lead to the company being taken over by Australian player, Iluka Resources.

Dublin-headquartered mining company Kenmare Resources recorded net losses three times greater in the first six months of the year than they endured in the same period in 2013, according to the company’s half-yearly results.

Shares in mining firm Kenmare Resources jumped by almost 30% yesterday following its rejection of a takeover approach from Australia’s Iluka Resources.

Mining company Kenmare Resources saw its share price rise by almost 8% yesterday on the back of a strong trading performance in the first quarter, traditionally the Dublin firm’s lowest production point of the year.

Kenmare Resources is confident that once global demand for titanium recovers they are well positioned to be a major beneficiary.

Shares in mining firm Kenmare Resources shot up by over 6% yesterday on the back of the company completing the refinancing of an overhanging debt mountain of $160m (€117m), originally due for repayment next year.

Production levels at Kenmare Resources’ Moma Titanium mine, in Mozambique, are expected to be slightly hampered this year because of weak power supplies in the north of the country.

Shares in Irish mining company, Kenmare Resources fell by nearly 10% yesterday after it showed a net loss for the first half of the year and reported a slowing demand for some areas of its mineral output.

Kenmare Resources chief Michael Carvill hasn’t ruled out the mining company expanding its international presence and asset base, but said that will only happen when the company’s Moma titanium mine in Mozambique hits full potential in the next couple of years.

Kenmare Resources — the Irish-based mining company focused on south-east Africa — has reiterated it is on target to complete second-phase expansion of its Moma titanium mine in Mozambique by the end of this year.

KENMARE Resources expects a dramatic boost to earnings next year when it will be able to capitalise on higher prices for its key products, the mining firm said yesterday.

MINING company Kenmare Resources has said that it doesn’t anticipate its operations in Mozambique to be adversely affected by government plans to revise that country’s mining laws.

EXPLORATION firm Kenmare Resources has reported a near halving of full-year pre-tax losses for 2010, with management adding that its forecast for the current year is “very positive”.

AN EXECUTIVE who sleepwalked naked into a female colleague’s bedroom could have dealt with the matter privately by simply agreeing to resign from a post which involved him working on a one-to-one basis with her, the High Court was told yesterday.

IRISH mining company Kenmare Resources hopes to raise €200 million by way of a share placing, with the proceeds aimed at increasing production and expanding its Moma Titanium minerals mine in Mozambique.

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SHAREHOLDERS in Kenmare Resources have voted overwhelmingly to remove a long-serving director from its board following an incident earlier this year involving a female colleague.

BRIAN CAREY has been appointed Wrexham manager on a permanent basis.

Cork native Brian Carey has been appointed Wrexham manager on a permanent basis.

MINING and minerals exploration company Kenmare Resources said yesterday that construction of its Moma titanium mine project in Mozambique is running ahead of schedule.

ISEQ-listed Kenmare Resources has won a Deal of the Year Award at London’s Project Finance magazine awards last night.

Kenmare Resources, the ISEQ and London-quoted mining company, has announced the appointment of Chris Gilchrist as chief operations officer.

KENMARE Resources has moved a step closer to completing the financing of its mineral mine in Mozambique.

KENMARE Resources has completed a major hurdle in its bid to secure $200m to fund a mining project in Mozambique to make it one of the top global producers of titanium.