KMR Kenmare Resources Plc

 
TIDMKMR 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
   29 November 2019 
 
   Environmental permit approved for road to Pilivili 
 
   Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global 
producers of titanium minerals and zircon, which operates the Moma 
Titanium Minerals Mine in northern Mozambique, is pleased to announce 
that approval has been received for the Environmental, Social and Health 
Impact Assessment ("ESHIA") for the purpose-built road to Pilivili by 
the Ministry of Land, Environment and Rural Development in Mozambique. 
 
   As part of its growth strategy to increase production to 1.2 million 
tonnes per annum of ilmenite from 2021, Kenmare is relocating its Wet 
Concentrator Plant ("WCP") B to the high grade Pilivili ore zone in Q3 
2020. The ESHIA for the road, which includes the power line, Heavy 
Mineral Concentrate pipeline and related infrastructure, was the second 
of two environmental approvals required for the relocation of WCP B. The 
first approval for the Pilivili mining area was received in May 2019. 
 
   Kenmare had commenced construction of the road from within the existing 
Namalope permit area in late Q3 2019 and following receipt of the road 
ESHIA approval and forthcoming environmental licence, construction will 
commence along the remainder of the 23-kilometre route. The project 
delivery timeline for the relocation of WCP B remains on track. 
 
   Statement from Michael Carvill, Managing Director: 
 
   "The road ESHIA is the second and final environmental approval required 
for the relocation of WCP B to Pilivili. We are on track to relocate WCP 
B in Q3 2020 and begin commissioning in Q4 2020. Pilivili is the highest 
grade ore zone in Kenmare's portfolio and from 2021 we expect to have 
increased production and become a first quartile margin producer." 
 
   For further information, please contact: 
 
   Kenmare Resources plc 
 
   Jeremy Dibb / Katharine Sutton 
 
   Investor Relations 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 943 0367 / + 353 87 663 0875 
 
   Murray (PR advisor) 
 
   Joe Heron 
 
   Tel: +353 1 498 0300 
 
   Mob: +353 87 690 9735 
 
   About Kenmare Resources 
 
   Kenmare Resources plc is one of the world's largest producers of mineral 
sands products. Listed on the London Stock Exchange and the Euronext 
Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. 
Moma's production accounts for approximately 7% of global titanium 
feedstocks and the Company supplies to customers operating in more than 
15 countries. Kenmare produces raw materials that are ultimately 
consumed in everyday "quality-of life" items such as paints, plastics 
and ceramic tiles. 
 
 
 
 

(END) Dow Jones Newswires

November 29, 2019 02:00 ET (07:00 GMT)

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