Kenmare to expand minsands
05 March 2010
by Simon Moores
Mozambique miner looks to raise $270m. for expansion of Moma TiO2 feedstock mine
Keywords: Kenmare, mineral sands, ilmenite, zircon, rutile
Kenmare Resources PLC has gone to the market to raise £179.6m. ($270m.) to fund an expansion of its titanium dioxide (TiO2) feedstock project in Mozambique.
The Moma mine in the south-east African country is presently increasing production to a rate of 800,000 tpa, but Kenmare is looking to boost its minsands capacity to 1.2m....
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