Kenmare Resources (GB:KMR) has released an update.
Kenmare Resources plc, a key player in titanium minerals and zircon production, has announced steady progress on the upgrade of its Wet Concentrator Plant A and the transition to the Nataka ore zone at its Moma Mine in Mozambique. The project remains within the estimated capital cost of $341 million and is set to secure production for decades, reinforcing the company’s competitive cost position. Funding for the upgrade will come from cash flow and existing debt facilities, with the transition expected to start in late 2025.
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