Kenmare bounces back to profit

Miner Kenmare Resources yesterday reported a pre-tax profit of $38.8m (£24.6m) for the first half of the year, up from a loss of $14.2m last year. Revenues for the ilmenite and zircon miner were up 95 per cent to $109m over the first six months of the year to 30 June. Over the period Kenmare mined 276,000 tonnes of ilmenite, which is used in titanium dioxide production, and 23,600 tonnes of zircon, which is used in industry.