Resumen de Kenmare restarts Moma operations after strikes end
"I think this unofficial strike action should be seen in the context of our cost-cutting initiative that we have been embarking on for some time. We have had to cut our cloth according to our means due to a challenging market," he said. "We are pleased to have the workers back at work and hopefully we will move forward from here." He said the byproduct of the iron ore production process is titanium magnetite. He also said that iron ore prices are currently "slightly down" and this could mean the supply of titanium drops, resulting in "some signs of recovery" if titanium prices subsequently increase.
Rival mineral sands producer Iluka Resources Ltd attempted to make a bid for Kenmare last year. However, Kenmare rejected the offer on the basis that it undervalued the company's Moma mine.
