Kenmare Resources plc
Kenmare Resources plc

Kenmare Resources plc share price, company news, analysis and interviews

Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.

The Mine has been in commercial production since 2009 and is recognised as a major supplier of mineral sand products to a global customer base operating in over 15 countries. Kenmare’s products are key raw materials processed into intermediate products and ultimately consumed in everyday “quality-of-life” products such as paints, plastics and ceramic tiles.

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Kenmare Resources

Titanium feedstocks

Kenmare Resources

Zircon

Kenmare Resources

End markets

Titanium feedstock production represents an approximately US$4.5 billion per annum industry and the TiO2 pigment supply chain has annual revenues of over US$15 billion, this industry in turn supplies products to other industries generating annual revenue value many multiples of this.

The zircon sand supply sector represents an approximately US$1.7 billion per annum industry. The product is then supplied to end-user markets generating annual revenue value that is many multiples of this.

Ilmenite and rutile are titanium minerals used as feedstocks to produce titanium dioxide (TiO2) pigment, which accounts for around 90% of global titanium feedstock consumption. 

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Kenmare Resources plc

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Kenmare Resources plc

Kenmare Resources balance sheet strengthened, with a $17.3 million reduction in net debt

Kenmare Resources plc (LON:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, has provided a trading update for the quarter and half year ending 30 June 2022. Statement from Michael Carvill, Kenmare Managing Director: “During Q2, we achieved the milestone of 10 million hours worked without a Lost Time Injury. This is a new Company record and testament to the commitment of our team at site to risk management and strong employee engagement on safety. The market for all of Kenmare’s products continued to improve, with realised ilmenite prices increasing for the seventh consecutive quarter. Although global growth expectations have reduced for H2 2022,

Kenmare Resources plc

Kenmare Resources analyst and investor visit to Moma Mine

Kenmare Resources plc (LON:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, announced that it is hosting a site visit for analysts and investors at Moma on 12-13 May 2022. During these two days, the group will visit Moma’s two mining operations: Namalope, where Wet Concentrator Plant (“WCP”) A and WCP C are mining, and Pilivili, a new high grade ore zone that WCP B began mining in Q4 2020. They will also visit the Nataka ore zone, where WCP A is expected to commence mining in 2025.

Kenmare Resources plc

Kenmare Resources proposed adoption of mechanism to permit an Odd-lot Offer

Kenmare Resources plc (LON:KMR, ISE:KMR) has today announced that its Annual General Meeting will be held at The Shelbourne Hotel, 27 St. Stephen’s Green, Dublin 2 at 2.00 p.m. Irish time on 26 May 2022. The Notice of AGM and form of proxy have been published and are now available on the Company’s website. Kenmare also announces, pursuant to FCA Listing Rule 12.4.4, that it is seeking authority from shareholders at the AGM to implement an odd-lot offer (“Odd-lot Offer”) at any time within 18 months from the date of the AGM. This is in addition to it seeking approval at the

Kenmare Resources plc

Kenmare Resources positive momentum is continuing into Q2 2022

Kenmare Resources plc (LON:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, has provided a trading update for the quarter ending 31st March 2022. Statement from Michael Carvill, Managing Director: “Strong market conditions for all of our products continued through Q1 2022, supported by low inventories in the global supply chain. Realised ilmenite prices increased for a sixth consecutive quarter and this positive momentum is continuing into Q2 2022. The Board of Directors visited the Moma Mine and the surrounding area in February. A highlight of the visit

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