Kenmare continues to ship product, but suspends guidance

Titanium mineral and zircon producer Kenmare Resources recorded lower-than-anticipated production from its Moma titanium minerals mine, in northern Mozambique, in the quarter ended March 31; however, the mine has not been materially affected by Covid-19 to date and the company continues to ship its product, MD Michael Carvill says. “However, recent Covid-19 restrictions are having an operational impact and may also result in a delay to the move of Wet Concentrator Plant (WCP) B, which would negatively affect production for 2020.