Kenmare Resources, the Irish mining firm, has been investing on its expansion plans and the expansion of the group is back on the track. The group has lessened the earlier loss to $16.7 million from $30.4 million. The revenue of the company has also increased to $91.6 million, which is £56.4m from $26.7m.

Kenmare Resources is a Dubai-based miner company.

The main focus of the expansion programme of Kenmare is an increase the capacity of production of 50pc by the end of 2012. The purchase of the tracker fund will also help to increase the support of the price, as the group has recently entered in the FTSE 250 index.

The Moma titanium mines in the southern African countries are operated by the Kenmare Resources. The Kenmare also produces the most high-value product, which is zircon. However, minerals ilmenite and rutile are the foremost mineral sources of the metal oxide.

The production of Ilmenite, which is used to make titanium dioxide have been climbed by 44 percent to 6, 78,400 tonnes.

Managing Director, Michael Carvill said, “Prices of titanium minerals and zircon have continued to strengthen in 2011 and this trend is expected to continue. We believe the outlook for 2011 is very positive for Kenmare".