Kenmare Resources Commencement Of Production At Pilivili

 
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 
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website and on the Company's 
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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: [phone] 
 
   Mob: + 353 87 943 0367 / + 353 87 663 0875 
 
   Murray (PR advisor) 
 
   Joe Heron 
 
   Tel: [phone] 
 
   Mob: [phone] 
 
   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)

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