Kenmare Resources surpasses 2024 production targets for titanium minerals and zircon, investing heavily in future growth.
Kenmare Resources, a leading producer of titanium minerals and zircon, reported a strong 2024, exceeding production targets for ilmenite and other products. The company produced 1,008,900 tonnes of ilmenite, a 2% increase from the previous year, and increased shipments of finished products by 4%. Kenmare invested over $140 million in upgrades and expects to spend about $155 million on development projects in 2025. The company's balance sheet remains robust, with a projected dividend payout towards the upper end of its policy.
2 months ago
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