The stock London-listed Kenmare Resources traded lower on Tuesday, after it said in an announced that it would fail to meet its ilmenite production guidance of 900 000 t to 960 000 t this year.
The operator of the Moma titanium minerals mine, in northern Mozambique, said its ilmenite production would be up to 3% below the lower end of the guidance range. Its new guidance range is 870 000 t to 900 000 t.