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Kenmare to expand minsands

March 05, 2010 - 00:00 GMT

KEYWORDS: Kenmare , mineral sands , ilmenite , zircon , rutile

Mozambique miner looks to raise $270m. for expansion of Moma TiO2 feedstock mine

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. tpa.

If Kenmare successfully raises funds through the issuing of 1.5bn. new shares via a placing and open offer, the expansion will be completed by...

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