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Kenmare Resources PLC on Tuesday said the commissioning of a wet concentrator plant has taken ‘longer than anticipated’, dampening production at its Moma Titanium Minerals mine. The Dublin-based producer of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, said it downgraded full-year production guidance to be in the range of 870,000 to 905,000 tonnes of ilmenite, plus co-products, for the year. Its original guidance range was between 930,000 to 1.1 million tonnes. The company does not expect the change in production to affect full-year sales. The fourth quarter ‘is typically a strong period for shipments and our shipping capacity for the remainder of the quarter is expected to be fully utilised,’ said Chief Operations Officer Ben Baxter. Kenmare is upgrading its largest mining plant, WCP A, ahead of its transition to the Nataka ore zone. The company said WCP A will complete its mine path in Namalope and begin its transition to Nataka from the late in the second quarter of 2026. Baxter added: ‘While overall progress is positive, some elements of the commissioning process have taken longer than anticipated, which has impacted production. In light of weaker product market conditions and our ability to meet our shipment commitments through a combination of production and existing inventory, we have prioritised value over volume and chosen not to offset lower production at WCP A with additional dry mining.’ Shares in Kenmare traded 1.3% higher at 265.50 pence on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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