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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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.
Kenmare Resources will continue to produce at a higher rate