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The company's revenue on a free on board basis was $182.1 million in H1 2022, a 9% increase compared to H1 2021 , due to a higher average price received for Kenmare's finished products more than offsetting lower shipment volumes. The company noted that strong market conditions for all of Kenmare's products continued in H1 2022 and demand is remaining robust in Q3, supported by low global inventories.
Kenmare added its Heavy Mineral Concentrate production was 738,300 tonnes in H1 2022, an 8% decrease compared to H1 2021 , due primarily to higher slimes levels, with a 7% reduction in ore grades and a 2% reduction in excavated ore tonnes.