Kenmare Resources plc, operator of the Moma titanium mine in Mozambique, reported directors’ purchases of ordinary shares each of €0.001, for an approximate total €129,422. Rostrevor One Ltd, closely associated with chief executive officer Michael Carvill, bought 10,756 ordinary shares each for approximately £4.31. Other purchases were by chief operations officer Ben Baxter of 9,645 […]
Tag: Moma titanium minerals mine – Mozambique
Kenmare Resources tender offer proposes up to $30m return to shareholders
Kenmare Resources plc plans to return up to $30 million (£23.6m) to eligible shareholders by buying up to 5.9% of the company’s issued ordinary shares. CASH RESOURCES The proposed tender offer by the operator of the Moma titanium mine in Mozambique will be at £4.22 per ordinary share, being the closing price on 14 August […]
Kenmare Resources pays $17 million in taxes, royalties and fees to Mozambique
Kenmare Resources plc paid US$17 million to Mozambique from operations at the Moma titanium minerals mine on the northern coast of the country. EXPANSION The company’s report on payments to governments for the financial year ended 31 December 2022 shows the total amount comprised $6.1m in taxes, $10.7m royalties and $409,000 fees. Described itself as […]
Kenmare Resources production falls in challenging Q1 at Moma mine
Kenmare Resources plc reported a “challenging” first quarter after operations were disrupted by severe lightning at the Moma titanium minerals mine in northern Mozambique. PRODUCTION The operator’s trading report for the quarter ending 31 March 2023 showed production of heavy mineral concentrate (HMC) decreased 18% to 315,000 tonnes (Q1 2022: 384,700t). Ilmenite production fell 20% […]
Kenmare retains most transparent company status as ESGs improve at Moma
Kenmare Resources plc has been listed the most transparent company in Mozambique for the third consecutive year as the company published its 2022 Sustainability Report for Moma titanium-zircon mine. RECOGNITION The Centro de Integridade Pública (CIP) Extractive Industry Transparency Index named the operator whose report included emissions, local taxes paid, employment and investment. The company […]
Lightning strike disrupts production at Kenmare Resources’ Moma titanium mine
Kenmare Resources plc’s is working to recover lost production after a lightning strike damaged power lines, “severely” disrupting operations at the Moma titanium minerals mine in northern Mozambique. GUIDANCE The company will try to recover lost production of heavy mineral concentrate but expects output of ilmenite and rutile to be at the lower end of […]