DuPont Co. unit DuPont Titanium Technologies said Tuesday it will raise the price for all grades of its DuPont Ti-Pure titanium dioxide grades, effective April 15.

The price hike of 80 euros ($126.41) per metric ton will apply to all product sold in Central and Eastern Europe, Turkey, Greece and North Africa.

Shares of DuPont Co. rose 29 cents to $47.05 shortly after the opening bell. – AP

 

Kenmare Resources "buy," target price reduced

 

The Vietnam Kenee Mineral Co. broke ground in the construction of a titanium cinder plant with a total investment capital of 65 billion VND (4 million USD).

Located in Dong Bac Song Cau, in the central province of Phu Yen , the factory hopes to be operational by year end.

The factory plans to produce 5,500 tonnes of titanium cinder and 2,700 tonnes of pig-iron in the first phase.

It will expand this to 20,000 tonnes of titanium cinder and 10,000 tonnes of pig-iron in the second phase. – Vietnam News Agency

Kenmare Resources Plc. said its loss for the full year 2007 widened mainly due to foreign exchange losses on euro-denominated debt and the company's corporate operating costs, net of interest earned.

The company posted a pretax loss of $9.63 million for the year ended Dec 31 compared with $4.33 million last year as its operating expenses rose to $12.56 million compared with $7.26 million last year.

The company also said it now expects the ramp-up at its Moma Titanium minerals mine in northern Mozambique will continue through 2008, full production rate being achieved in the last quarter.

Kenmare said while it has experienced some cost increases caused mainly by salary and fuel costs, it is very confident that its Moma mine will achieve its targeted production rates in 2008 and attain its predicted – Thomson Financial