Kenmare hit by weak markets

FTSE 250-listed mining and exploration company Kenmare Resources said yesterday its outlook had been affected by softer markets, although it was confident of a pick-up. In an interim management statement, it said output from mining operations improved in the third quarter, with 229,100 tonnes of heavy concentrate produced, a 16 per cent increase from the second quarter. Shares closed down 6.33 per cent yesterday at 36.11p.