Increased shipments, higher average received prices and lower unit costs have contributed to a turnaround in mineral sands miner Kenmare Resources’ earnings before interest, taxes, depreciation and amortisation (Ebitda) in the six months to June 30. The miner, which operates the Moma mine, in Mozambique, on Tuesday posted Ebitda of $29.8-million for the six months under review, compared with a $10.7-million loss before interest, taxes, depreciation and amortisation in the first six months of 2016.
