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Kenmare Resources

Irish-owned Moz heavy-sands miner widens loss despite 26% production increase

Irish-based miner Kenmare Resources, which owns and operates the Moma titanium minerals mine in Mozambique’s Nampula province, has reported a net loss of $31.8-million for the first semester this year (for the first half of last year, the net...
12th September 2014

Kenmare H1 revenues flat amid subdued prices, weak market conditions

London-listed Kenmare Resources’ revenue for the six months ended June 30, remained flat at $81.2-million, as increases in sales volumes were offset by lower prices and weak market conditions. During the period under review, the company lifted...
27th August 2014

Kenmare amends Moma financing terms, Absa loan date extended

London-listed Kenmare Resources has amended the terms of the project financing for its Moma mine, in Mozambique, and negotiated an extension of the repayment date of its $20-million loan from Absa, allowing it to conserve cash and have greater...
1st August 2014

Mozambique heavy mineral sands mine reports production jump

Irish miner Kenmare Resources has reported record production of ilmenite and primary zircon from its Moma mine in Mozambique. These records applied for both the second quarter (Q2) of this year and for last month. Production during the first half...
18th July 2014

Kenmare delivers record ilmenite, zircon output

Record output of ilmenite and primary zircon has been achieved from the Moma mine, in Mozambique, during the first half of this year, London-listed Kenmare Resources said on Tuesday. Ilmenite production jumped 47% to 445 600 t during the first...
8th July 2014

Kenmare rejects Iluka takeover bid

London-listed Kenmare Resources has rejected a proposed takeover offer by Australian mineral sands miner Iluka Resources. Iluka told shareholders that it had approached Kenmare regarding the potential combination of the two companies, but said it...
26th June 2014

Kenmare chairperson retires

The chairperson of London-listed Kenmare Resources, Justin Loasby, would retire with immediate effect owing to ill health, the Mozambique-focused miner reported on Tuesday. Nonexecutive director Steven McTiernan, who has more than 40 years’...
24th June 2014

Moma ore mined up 81% after expansion, further increases expected

Following the completion of the 50% expansion of titanium minerals producer Kenmare Resources’ Moma mine, in Mozambique, the operation’s ore mined increased by 81% to 7.54-million tonnes during the first quarter of 2014, with further increases...
24th April 2014

Kenmare posts 2013 loss, Moma investment plan completed

London-listed Kenmare Resources on Wednesday announced a loss after tax for the year ended December 31 of $44.1-million as opposed to a profit of $49.5-million in the prior year, as the company completed its investment programme in the Moma...
12th March 2014

Kenmare restructures Mona financing

London-listed Kenmare Resources said on Friday it had aligned the structure of its project financing to that of the projected cash flows of its Moma mine, in Mozambique. The titanium minerals producer restructured the financing with its lenders to...
14th February 2014

Kenmare partners with Moz power utility, Moma output up

As output from its newly expanded Moma mine jumps, Kenmare Resources has partnered with Mozambique’s State-owned power utility to combat unstable power supply. The London-listed titanium minerals producer mined 7.65-million tonnes of ore at a...
23rd January 2014

Moz plans new resources auctions and communities to benefit from mines

The Mozambican government will hold a new auction for coal mining concessions in the middle of next year. This has been revealed by the country’s National Director of Mines, Eduardo Alexandre. The concessions will be in the provinces of Tete and...
6th December 2013
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