Kenmare Resources
 | |
| Public | |
| Traded as | LSE: KMR, ISEQ: JEV |
| Industry | Mining |
| Founded | 1985 |
| Headquarters | Dublin, Republic of Ireland |
Key people |
Charles Carvill, Chairman Michael Carvill, Managing Director |
| Revenue | $137.9 million (2013)[1] |
| $4.7 million (2013)[1] | |
| $(44.1) million (2013)[1] | |
| Website | www.kenmareresources.com |
Kenmare Resources plc is a mining company based in the Republic of Ireland. It is listed on the Irish Stock Exchange and the London Stock Exchange.
History
The company was founded by Charles and Michael Carvill in 1986 to exploit mineral wealth in Mozambique.[2] A tailings dam from mineral processing failed on 8 October 2010, destroying a nearby native village and leaving one 4 year old child missing; mining resumed the following month after some 300 homes had been rebuilt.[3]
Operations
The Company's principal asset is the Moma mineral sands mine, formally known as the Moma Titanium Minerals Mine, located in Moma, Nampula Province, Mozambique. It has been in production since late 2007.[4] The mine produces 7% of the world’s ilmenite, the main source of titanium metal and titanium dioxide used as a white pigment in paint. It also produces 4% of the world’s zircon, a source of zirconium metal.[4] By 2016 the mine had fallen into financial crisis due to a worldwide fall in mineral prices, flooding in northern Mozambique, and power outages in the Moma District region.[5]
References
- 1 2 3 Preliminary Results 2013
- ↑ Chairman's Statement
- ↑ Questor share tip: Mozambique incident upsets Kenmare Resources Daily Telegraph, 12 October 2010
- 1 2 Kenmare Resources' £180m fundraising for expansion to exploit anticipated tightness in titanium Proactive Investors, 17 March 2010
- ↑ "Kenmare em crise financeira" [Kenmare In Financial Crisis]. O País (in Portuguese) (Maputo, Mozambique: S-Imprensa). 2016-02-05. Retrieved 2016-02-07.
External links
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