Kenmare Resources (“KMR”) reported a weaker than expected start to FY26, as bottlenecks at Wet Concentrator Plant A (“WCP A”) continue to impact production at the Moma mine in Mozambique. Heavy mineral concentrate (“HMC”) output fell 30% YoY to 217kt due to lower mined grades and reduced ore excavation, with ilmenite production down 38% YoY to 126kt. The Q1 results reflected a slower ramp-up at WCP A than previously anticipated, although this may be partly offset by a delayed transition to Natak ....
