Revenue up at Kenmare Resources

FTSE 250 miner Kenmare Resources yesterday posted a 40 per cent jump in revenue to $234.5m (£148.5m) in 2012, boosted by a 98 per cent increase in the price of ilmenite, which it mines in Mozambique. However, the total amount of metal shipped fell last year to 680,800 tonnes of finished product, compared to 730,400 tonnes in 2011.