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.
- Global demand
View Our Products
View our End Markets
- Commodity Prices
See the positive trend in prices on page 48 in our 2020 Annual Report
Our Integrated Approach
- Responsible approach
Read about our integrated Approach to Sustainability on page 34 in our 2020 Annual Report
- Good corporate governance
Read about our corporate governance from page 84 in our 2020 Annual Report.
- Stakeholder Engagement
Read about our materiality assessment on page 28 in our 2020 Annual Report.
- Our people
Read about Our people.
- Large resources
Read about our Reserves and Resources.
- High grade opportunities
Read about the development of mining at Pilivili on page 38 in our 2020 Annual Report.
- Significant financial resources
Read about the strength of our financial position on page 52 in our 2020 Annual Report.
- Renewable energy source
90% of our power requirements are met by hydroelectricity. Read more about this on our Sustainability page.
What we do
1. Ore body 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.
Through the development process, commercially viable mineral reserves and resources are transformed into producing assets.
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.
853,100 tonnes of product sold in 2020
We believe the products we produce are of the lowest carbon-intensity in our industry, benefiting from 90% of our power requirements being sourced from a renewable hydroelectric source. With the implementation of the new RUPS power stability project, we are aiming to further reduce our total CO2 emissions by 15% in 2022.
97% of employees rated themselves as engaged or highly engaged
The success of our business model
enables us to invest further to foster
a skilled and engaged workforce,
working as a team to achieve our
shared vision. Our employees are
the cornerstone of our business and
the objective of our safety culture
is to ensure that we provide a safe
22% increase in dividends
In March 2021, Kenmare proposed a 2020 full year dividend of USc10.0 per share, up 22% on the 2019 full year dividend. For 2021 we are targeting a dividend payout ratio of 25%.
US$2.0M invested in community development initiatives through KMAD
Kenmare aims to be a catalyst for positive social and economic change in local communities. Through KMAD, the three key focus areas are economic, healthcare and education development.
180 hectares of land rehabilitated
Kenmare is committed to responsible environmental stewardship and efficient use of natural resources. We are proud of our low environmental impact, including employing progressive rehabilitation practices, sourcing 90% of our power requirements from renewable hydroelectric sources, and avoiding the use of chemicals in our mining and processing operations.