About us: Overview
Kenmare is one of the world’s largest producers of titanium minerals.
The Company operates the Moma Titanium Minerals Mine in Mozambique, which has Mineral Resources to support production for more than 100 years at the current rate. Kenmare has a strong financial position and has returned over $300 million to shareholders through dividends and share buy-backs since 2019.
>$1.6bn
Invested in capital in the Moma Mine
2009
Moma began commercial production
97%
Mozambican workforce at Moma
Our purpose
Kenmare’s purpose is “Transforming resources into opportunity for all.” We use our significant Mineral Resources, and our strong balance sheet to create opportunities for all of our stakeholders, whether it be through a providing fulfilling job, a successful business partnership, or a compelling investment opportunity.
Our strategy
Kenmare has three strategic priorities: To operate responsibly; to deliver long-life, low cost production; and to allocate capital efficiently, including developing accretive growth opportunities. Our strategy will enable us to be a leading mineral sands producer positioned in the first quartile of the industry revenue to cost curve.
Business model
With a commitment to responsible business practice, a tier one asset, a market-leading position and a robust balance sheet, through our business model Kenmare is able to create value for all of its stakeholders.
Board of Directors and Management Team
Kenmare’s Board has a diverse range of skills and experience that allow them to contribute to delivering Kenmare’s purpose. Kenmare’s management team lead a workforce of over 1,700 people at the Moma Mine and they are focused on upholding the Company’s values of Integrity, Commitment, Accountability, Respect and Excellence (ICARE).
History
Kenmare has had a presence in Mozambique for over 30 years and has been in commercial production at Moma for 18 years. During this time we have become the largest ilmenite supplier in the world, with our production representing approximately 6% of global supply.