Exploration company Kenmare Resources says most of the design and procurement process for the construction of its Moma mine in Mozambique has been completed.
The company also says the markets for metals to be produced at the mine are very strong. It expects that by the time it starts operations, the mine's present level of production capacity will be fully sold.
In its results for 2004, Kenmare made a profit of $37,000, mainly from interest received.
