Kenmare Resources ( (GB:KMR) ) has provided an announcement.
Kenmare Resources has announced an upgrade and transition project for its Wet Concentrator Plant A at the Moma Titanium Minerals Mine, aiming to unlock over 70% of Moma’s Mineral Resources. This strategic move is expected to ensure stable production for decades and reinforce Kenmare’s low-cost profile. The project involves transitioning WCP A to the Nataka ore zone, which holds the majority of Moma’s resources, and includes new dredges, plant upgrades, and a tailings storage facility. The total capital cost is $341 million, funded through existing resources and cash flow, with completion expected by 2028. The company is also exploring less capital-intensive expansion opportunities through the Selective Mining Operation, aiming to optimize production capacity and returns.
More about Kenmare Resources
Kenmare Resources plc is one of the world’s largest producers of mineral sands products, operating the Moma Titanium Minerals Mine in Mozambique. The company is listed on the London Stock Exchange and Euronext Dublin, supplying approximately 6% of global titanium feedstocks to customers in over 15 countries. Kenmare’s products are used in everyday items such as paints, plastics, and ceramic tiles.
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