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The Company proposes to return up to £61.8 million to eligible shareholders by way of a Tender Offer at £4.17 per Ordinary Share
"Market conditions for titanium feedstocks remained strong in H1,2021, with pricing strengthening quarter on quarter. "
WCP B continues to perform well in Pilivili, supporting higher volumes of ore mined and final product output.
"Moving the full plant by road not only offered the lowest risk profile, but reduced our production offline time significantly.”
Moma is a significant contributor to Mozambique’s economy and accounted for around 5% of the country’s exports in 2018.
"This type of relocation is rare but it was the correct choice for us given the economic benefits and lower risk profile."
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