{"id":17852,"date":"2022-04-14T14:44:15","date_gmt":"2022-04-14T14:44:15","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-1q-production-lower-than-expected-backs-2022-guidance"},"modified":"2022-04-14T14:55:06","modified_gmt":"2022-04-14T14:55:06","slug":"kenmare-resources-1q-production-lower-than-expected-backs-2022-guidance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-1q-production-lower-than-expected-backs-2022-guidance","title":{"rendered":"Kenmare Resources 1Q production lower than expected; backs 2022 guidance"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Kenmare Resources PLC said Thursday that its production was lower than expected in the first quarter, hit by poor weather conditions, though the company backed its full-year guidance.<\/p>\n

The owner of the Moma titanium minerals mine in Mozambique said ilmenite production\u2013its primary product\u2013amounted to 256,800 metric tons in the first quarter, up 4% from the fourth quarter of 2021. In addition, primary zircon rose 4%, though rutile and concentrates both fell 5%, it said.<\/p>\n

The company said markets for all of its products remain strong, with further price increases received in the first quarter for the sixth consecutive quarter.<\/p>\n

Kenmare backed its full-year guidance. In January, it said its ilmenite production guidance range is 1.1 million to 1.2 million tons. Its guidance range for primary zircon is 54,400 to 63,200 tons.<\/p>\n

Shares at 0721 GMT were up 2.0 pence, or 0.4%, at 515.0 pence.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Kenmare Resources PLC said Thursday that its production was lower than expected in the first quarter, hit by poor weather conditions, though the company backed its full-year guidance. The owner of the Moma titanium minerals mine in Mozambique said ilmenite production\u2013its primary product\u2013amounted to 256,800 metric tons in the first quarter, up […]<\/p>\n","protected":false},"author":84,"featured_media":17851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-17852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nKenmare Resources 1Q production lower than expected; backs 2022 guidance - Mozambique<\/title>\n<meta name=\"description\" content=\"Kenmare Resources PLC said Thursday that its production was lower than expected in the first quarter, hit by poor weathe ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-resources-1q-production-lower-than-expected-backs-2022-guidance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenmare Resources 1Q production lower than expected; 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