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Company Information for Kenmare Resources Plc

Company stock charts - 12 Month chart

Exchange LSE; KMR


View full financial data
Exchange IEX; Sedol:0487948


View full financial data

Company Statement

Kenmare Resources plc is quoted on the official lists of the Irish and London Stock Exchanges.

The principal activities of the Group are the exploration for commercial deposits of natural resources and the development and operation of mines.

Kenmare's main asset is the Moma Titanium Minerals Project, located on the coast of Mozambique. The Moma Project will produce titanium minerals, Rutile, Ilmenite and Zircon.


Current Operations

Kenmare's principal asset is the wholly owned Moma Titanium Minerals Project, located on the coast of Mozambique. Moma is a new mine containing considerable reserves of the titanium minerals, ilmenite and rutile. The Moma mine also has large quantities of zircon, a high value co-product of titanium minerals mining.

Construction of the Project is in the final stages of completion. Section one of the project, which includes the mining pond, dredges, Wet Concentrator Plant and related infrastructure, has been taken over by Kenmare, and a taking-over certificate has been issued to the contractor. Mining and Heavy Mineral Concentrate production started at the Moma Mine on 25 April 2007.

Project financing has been based on a 20 year mine plan with reserves of 16.4 million tonnes of ilmenite, 0.5 million tonnes rutile and 1.3 million tonnes zircon. It will have the capacity to produce 800,000 tonnes of ilmenite, 21,000 tonnes of rutile and 56,000 tonnes of zircon per annum for at least 20 years.

Titanium dioxide pigment is used in paints, paper and plastic production. The primary applications for zircon are in the manufacture of opacifiers for ceramic tile production and for refractory products used in the steel and foundry industries.


Geographical Spread

Mozambique - Moma Titanium Project
Mozambique - Ancuabe graphite mine


Board of Directors and Key Management

Charles Carvill (Chairman)
Donal Kinsella (Deputy Chairman)
Michael Carvill (Managing Director)
Tony McCluskey (Financial Director)
Dr Alastair Brown (Exploration Director)
Chris Gilchrist (Chief Operations Director)
Ian Egan (Non exec directors)
Simon Farrell (Non exec directors)
Terence Fitzpatrick (Non exec directors)
Peter McAleer (Non exec directors)

Gareth Clifton (Mozambique Manager)
Chris Ellis (Project Implementation Director)
Eamonn Keenan (Marketing Manager)
Deirdre Corcoran (Financial Controller & Company Secretary)

Company Address

Chatham House
Chatham Street
Dublin 2, Ireland

Telephone:+353 1 671 0411
Facsimile:+353 1 671 0810
Email:info[at]kenmareresources.com
Website:http://www.kenmareresources.com

Additional Address/Key Contact

Maputo Office
Kenmare Resources plc.
Rua de Chuindi, No.67, R/C, Maputo, Mozambique.
Phone: +258 21 494921/499701
Fax: +258 21 499731
Email: kenmaremaputo@intra.co.mz

Mozambique Manager
Contact: Gareth Clifton
E-mail: kenmaremaputo@intra.co.mz

Annual General Meeting

May, Dublin

Year End

31 December

Nominated Brokers

Davy's - Ireland
CanaccordAdams- UK
Mirabaud Securities- UK

Broker/Analyst Reports

27/04/07 - Davys Stockbrokers Report - 27th April 2007

Major Shareholders

The Company is aware that on 16th May 2007, the following held in excess of 3% of the issued ordinary shares of the Company.
% of Issued Share Capital
Nortrust Nominees Limited 17.93%
State Street Nominees Limited 9.16%
HSBC Global Custody Nominee (UK) Limited 8.11%
Nederlandse Financierings - FMO 5.43%
The Bank of New York (Nominees) 3.81%
Euroclear Nominees Limited 3.61%

Related News

13/03/08 - Not Quite Ready For St Patrick’s: Kenmare’s Michael Carvill Will Have To Wait Before He Can Sit Down And Enjoy A Pint Of The Black Stuff
24/10/07 - Kenmare Now In The Home Straight At Moma
22/03/07 - Kenmare Has Something To Show For Its Perseverance

Most Recent Statement

14/04/08 - Preliminary Results For the year ended 31 December 2007
24/01/08 - Kenmare provides production update for Moma mine
14/12/07 - First export of product from the Moma Titanium Mine completed
14/12/07 - First export of product from the Moma Titanium Mine completed
05/10/07 - Interim Report 2007
27/09/07 - Interim Report

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