Mozambique: Exports from Moma mine increased by 4% in 2024
Mozambique: Kenmare Resources says on track for 2025 production guidance
2:15 CAT | 16 Jul 2025
File photo: Kenmare Resources
Titanium and zircon miner Kenmare Resources said today it is on track to achieve 2025 production and cost guidance, with higher anticipated excavated ore volumes expected to increase production in the second half of the year.
In a trading update for the second quarter and half year to the end of June, Kenmare said that it experienced consistent demand for its products, which continued to exceed the company’s ability to supply them.
Kenmare operates the Moma Titanium Minerals Mine in northern Mozambique, and its products are used in such items as paints, plastics and ceramic tiles.
It said that Heavy Mineral Concentrate (HMC) production of 358,300 tonnes in the second quarter of the year was up 5% compared to the same time last year, due to a 16% increase in ore grades offsetting a 12% decrease in excavated ore volumes.
Ilmenite production of 245,400 tonnes was up 3% year on year, on the back of increased HMC processed, while primary zircon production rose by 1% to 13,100 tonnes.
Kenmare said that total shipments of finished products of 181,800 tonnes, a fall of 23% from last year, mainly due to poor weather and maintenance of trans shipment vessels.
Tom Hickey, Kenmare’s Managing Director, said the company continued to experience consistent demand for all of its products in the second quarter of 2025, with ilmenite prices remaining stable during the first half of the year, while it has a strong order book for the second half.
“However, uncertainty regarding market conditions in the medium term has led us to slightly lower our long-term pricing assumptions. Primarily because of this, we expect to recognise an impairment charge on our assets in H1 2025 that is not expected to exceed $125m,” Mr Hickey said.
“While this is disappointing, it will be a non-cash charge with no anticipated impact on our operations, projects or financing facilities or the company’s ability to pay dividends,” he added.
He also said the company’s strong safety performance from 2024 has continued in the first half of 2025, with its team at Moma achieving seven million hours worked without a Lost Time Injury in early July.
“At the end of H1 we are on track to achieve our 2025 production and cost guidance, and we expect higher excavated ore volumes to support stronger production in H2. The Wet Concentrator Plant A upgrade project continues to progress to plan and commissioning of the upgraded plant and dredges is on track to begin later in the third quarter,” he added.
$KMR has announced its Q2 and H1 2025 Production Update. We continued our strong #safety performance in H1 at our #Moma Mine in #Mozambique and we are on track to achieve our 2025 #production and cost guidance. Read more here: https://t.co/BsgJaH2Gdn#mining #responsiblemining pic.twitter.com/ujGMzEpnEF
— Kenmare Resources Plc (@KenmareRes) July 16, 2025
Source: RTÉ
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