Kenmare sees revenue soar

Irish mining company Kenmare Resources yesterday reported “robust” demand for its products in 2011, with revenues up 83 per cent year-on-year. Revenue rose from $91.6m in 2010 to $167.5m in 2011. Quarter-on-quarter, the volume of finished products shipped in the fourth quarter rose from 188,200 tonnes to 192,400, while production of Ilmenite and zircon was up 13 per cent and 12 per cent respectively.