The Irish company Kenmare Resources Plc said that demand for ilmenite concentrate from China would allow it to sell an additional 200 thousand. T / y of ilmenite concentrate, if the company had the appropriate power.

A week ago, the company announced it had received 179.6 million. Pounds as a result of the issue of shares, which it intends to forward to the expansion of power Moma mine by 50% to 1.2 mln. T / y of ilmenite concentrate, 80 th. T / yr of zircon (50 thousand. t / year), and 22 th. tons / year of rutile (14 ths. tons / year) concentrates.

The company estimates the program expand to 133 million. Pounds, or $ 200 million., And expects to complete it by the end of 2012

Eamonn Keenan (Eamonn Keenan), marketing manager of the company Kenmare Resources, said: «Currently available at the company's capacity to produce ilmenite concentrate can not meet demand. We could sell an additional 200 thousand. T / yr of ilmenite, if they had appropriate power. «

The company forecasts a deficit of titanium concentrates on the world market for two years, as the global economic recession has led to the closure of a number of operating mines and made new projects unfeasible. Many believe that this situation creates a shortage of supply of titanium feedstock producer of titanium dioxide.

I.Kinan said: «In the absence of new projects deficits of titanium concentrates in 2015 to reach 1 million / year, equivalent to 20% of today's global demand.».

IAC «Mineral» Materials Industrial Minerals