Overview

The principal activity of Kenmare Resources plc (“Kenmare”), listed on the main board of the Irish and London Stock Exchanges, is the operation of the Moma Titanium Minerals Mine which is located on the northern coast of Mozambique.

The mine contains reserves of heavy minerals which include the economic titanium minerals ilmenite and rutile used as feedstocks to produce titanium dioxide pigment, as well as the relatively high-value zirconium silicate mineral, zircon. 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.

Mining is by means of dredging in an artificial mining pond, with concentration of the heavy minerals in a floating wet concentrator plant (WCP) to produce a heavy mineral concentrate (HMC) which is pumped to a minerals separation plant (MSP) for further processing. The MSP separates and upgrades the HMC into the final products, ilmenite, rutile and zircon. These products are exported directly from the mine site using a dedicated shipping terminal and a trans-shipment barge which loads ocean-going ships.

 

The principal business objective of Kenmare is to ramp-up production to 800,000 tonnes per annum of ilmenite plus co-products zircon and rutile. Further expansion opportunities are being considered in order to maximise the value of the world-class mineral reserves at the mine.