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Kenmare Resources ( (GB:KMR) ) just unveiled an announcement.
Kenmare Resources has announced an update on the renewal of its Implementation Agreement at the Moma Titanium Minerals Mine in Mozambique. The agreement, which governs mineral processing and export activities, is set for extension beyond its original expiry date of 21 December 2024. The company has engaged with the government on modifications to the investment regime and has been assured by the Ministry of Industry and Commerce that its current rights and benefits remain effective during this interim period. This extension is vital for Kenmare’s continued operations, reflecting its long-term commitment to Mozambique and the significance of its contribution to the local economy.
More 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 Euronext Dublin. The company operates the Moma Titanium Minerals Mine in Mozambique, which contributes approximately 7% of global titanium feedstocks. Kenmare supplies raw materials used in paints, plastics, and ceramic tiles to customers in over 15 countries.
YTD Price Performance: -8.13%
Average Trading Volume: 91,412
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £285.5M
For detailed information about KMR stock, go to TipRanks’ Stock Analysis page.
