Kenmare Resources Commencement Of Production At Pilivili
October 26 2020 - 2:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc ("Kenmare" or "the Company")
26 October 2020
Commencement of production at 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 Wet Concentrator Plant ("WCP") B has commenced production at
Pilivili.
Statement from Michael Carvill, Managing Director:
"I'm pleased to announce that we have begun production at Pilivili,
ahead of our target of the middle of the quarter. The move of Wet
Concentrator Plant B represents the final stage of our growth programme
and we are well-positioned to produce 1.2 million tonnes per annum of
ilmenite from 2021. This is expected to deliver expanded margins and
increased free cash flow generation, with the opportunity for stronger
shareholder returns."
WCP B and its dredge were relocated 23 kilometres from their previous
mining location of Namalope to the high grade Pilivili ore zone.
Following the move, the plant and dredge were floated across the Mualadi
river and into the starter pond. Mining was previously targeted for
mid-Q3 2020 but has now commenced ahead of schedule.
Photographs of the move are available on Kenmare's
https://www.globenewswire.com/Tracker?data=nU9WpSVhd1tkkBsGQpD0BBSceTTewuIAOu-ephut4LBG4B0oNgyOrJnc_lyAXptPVOSQprjf3dkt3vWFAEL-JCr1TktHpi1vgZw6rO-rQUuRlBjJkIA1GMeGMTY_hDvauvRw8KPjbQvf7soAxFAxNUS-ZN52OSgIHalCInc_C_vrkvPsIPlxMX6O5oAhVbvGJlKIWCuhM5C3fgt5C2ZQCeEnPtNctv7IwUsk9ReXeXSR9EOn_Am3yTH1xYEnmNDoV06R4KgbmJd9eq7ucmZMZw==
website and on the Company's
https://www.globenewswire.com/Tracker?data=UxuMk_KYDqDxN1n9nNOeSuCRkgytJn8_8mItPPJDi7vhvzjZmaVgNC113i7GCv2MFZnNb2W-34zjjunFkjewOBrfr7CGfDpzXjINY9QXS8xEir1wDHnpQgvMH6-YjIi4OXeex3NEyQIZ2n-ne5vjg8S-GEY-RXZjIlgYE39DpElkuiNYgQ75k_uTogFvdC9P9j5ugXqaZBlZAgLl5apqe02NYDSE_YkE5vM-xOgcfz9aqE9qOBFUGeRyPKhqqY-7
Facebook,
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LinkedIn or
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Twitter feeds, and this
https://www.globenewswire.com/Tracker?data=D2YBEawUMaVlpDpM8DqAD4dhtwnUtWiCcy2LFbzqYIOINIPJ0_wlN1xFg0Dv_gGR6XMqXy8jp-k1V8hNq8nrYA==
animation provides further information on how the move was undertaken.
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
October 26, 2020 03:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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