RNS Number:4550D
Kenmare Resources PLC
7 January 2000


Kenmare Resources plc ("Kenmare" or "the Company")

Purchase of Wet Concentrator Plant for Titanium Project


Kenmare is pleased to announce that it has completed an agreement to purchase
a wet concentrator plant ("the Plant") from The Broken Hill Proprietary
Company Limited ("BHP").

The Plant was utilised as part of the BHP mineral sands process facility
located at Beenup, Australia which was closed in early 1999 due to mining
difficulties with the orebody.  BHP has advised the Company that the Plant
cost approximately A$67 million.  Kenmare has agreed to pay BHP A$2.5 million
(Stg#1 million) for the Plant, payable on a phased basis by 30 April, 2001.

Mr. Charles Carvill, Chairman of Kenmare, commented as follows: 
"Kenmare has seized a unique opportunity by purchasing this plant. This will
significantly reduce the capital cost and enhance the attractiveness of the
Kenmare Titanium Project in Mozambique".

7 January, 2000

For more information:

Tony McCluskey
Finance Director
+353-(0)1-6710411 or +353-(0)87-6740346


Jim Milton
Murray Consultants
+353-(0)1-6614666 or +353-(0)86-2558400


END
ACQUBRBRRRRARAR
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Kenmare Resources Charts.
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Kenmare Resources Charts.