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Kenmare ups dividend despite earnings drop

Mineral sands miner Kenmare Resources boosted its full year dividend by 22% year-on-year to US10c per share despite weak sales volumes, which triggered a 17% yoy drop in earnings.

Tom Hoskyns
Kenmare Resources successfully moved its WCP B plant between two ore zones at its Moma Mine in Mozambique

Kenmare Resources successfully moved its WCP B plant between two ore zones at its Moma Mine in Mozambique

Ilmenite production was down 15% yoy in 2020 to 756,000t, but a 9% increase in average sales prices provided support for the Mozambique-focused miner. The company is poised to boost production in 2021...

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