Announcements - 14 December 2007

First export of product from the Moma Titanium Mine completed

14th December, 2007

 

Kenmare Resources is pleased to report the departure of the MV Tinos from the Marine Terminal at Kenmare’s Moma Titanium Mine, loaded with 23,000 tonnes of Ilmenite product.  The Tinos will proceed to Europe for unloading.  

 

This shipment represents the first dispatch of products to customers from Moma’s operations and therefore represents a significant forward step for the project.  Another customer vessel arrived at Moma today, for immediate loading.

 

Charles Carvill, Kenmare’s Chairman, said:  “This is the big step which we have all been waiting for.  Moma is now shipping to customers.  It is a major milestone for Kenmare and whilst we had great confidence in the system we are all delighted to have the first load dispatched.”.

 

For more information:

Michael Carvill

Managing Director

Tel: +353 1 671 0411

Mob: +353 87 674 0110

Murray Consultants

James Dunny

Tel: +353 1 498 0300

Mob: +353 86 388 3803

Conduit PR Ltd

Leesa Peters

Tel: +44 207 429 6600

Mob: +44 781 215 9885