Business model
Kenmare’s business model aims to deliver our strategic objectives of growth, margin expansion and shareholder returns. Through our key inputs of an engaged workforce, a disciplined financial approach, a tier one asset and a commitment to being a responsible corporate citizen, we generate benefits for all of our stakeholders in the long term.
Inputs
Market fundamentals
- Global demand
View Our products
- Competition
View our End markets
- Commodity Prices
Read about the positive trend in prices for our products in 2023
Our integrated approach
- Responsible approach
Read about our approach to sustainability
- Good corporate governance
Read about our strong corporate governance practices
- Stakeholder engagement
Read about our how we engage with different stakeholder groups
Assets
- Our people
Read about Our people.
- Large Mineral Resources
Read about our Reserves and Resources.
- In-house port facility
Read about our transport facilities
- Significant financial resources
Read about the strength of our financial position
- Renewable energy source
>90% of our electricity requirements are met by hydroelectricity. Read more about this in Environment
What we do
1. Orebody definition
We use drilling and sampling to define the size, quantity and grade of mineral resources. We then determine technical feasibility and assess commercial viability.
2. Development
Through the development process, commercially viable mineral reserves and resources are transformed into producing assets.
3. Mining
4. Processing and storage
HMC is processed into finished products at our Mineral Separation Plant. We do not use any chemicals in our mining or processing operations, instead using highly specialised gravity, magnetic and electronic processing methods.
5. Sales and marketing
We have our own dedicated port facility and transhipment vessels. We strive for strong, long-term customer relationships for our marketed products.
Outputs
Suppliers, contractors and customers
Kenmare is the world’s largest supplier of ilmenite, supplying over 25 customers operating in more than 15 countries.
Employees and unions
Kenmare’s employees are its most important asset and the objective of the Company’s safety culture is to provide a safe working environment.
Shareholders
The Board is recommending a 2023 full year dividend of USc56.04, up 3% on 2022, for a total distribution of $50.0 million in respect of 2023.
Communities
Kenmare aims to be a catalyst for positive social and economic change in the Moma Mine’s host communities..
Environment
Kenmare is committed to responsible environmental stewardship and efficient use of natural resources. The Company is proud of its low environmental impact, including employing progressive land rehabilitation practices.
Government and regulators
Kenmare’s production accounts for approximately 7% of Mozambique’s exports. The Government of Mozambique has always upheld the terms of the Company’s licences and other agreements, and Kenmare values their partnership highly.
Read more about our business model in our 2023 Annual Report.
