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Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.00 -1.64% 421.00 417.00 422.00 430.00 420.00 430.00 18,696 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 178.3 16.6 11.0 39.0 462

Kenmare Resources Publication Of 2020 Sustainability Report

29/04/2021 7:00am

UK Regulatory (RNS & others)


 
TIDMKMR 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
 
 
   29 April 2021 
 
 
 
   Publication of 2020 Sustainability Report 
 
 
 
   Kenmare Resources plc (LSE:KMR, ISE:KMR) today announces the publication 
of its inaugural Sustainability Report for the year ended 31 December 
2020 and advises that the report is available on the Company's website 
at 
https://www.globenewswire.com/Tracker?data=iWROnb5-a1UXcOG6oE_pjXhNazhZcTbxOQNP-caRUXREyuTGgGqvrV7fPJhu1oN3rKVDcKGotfqR38V1aX8_7bZE5LilxNDGTOx3sSyujng= 
www.kenmareresources.com. It can also be downloaded directly here 
https://www.globenewswire.com/Tracker?data=nLZ1CdpwWOue59dJz7f5qPJJkWKq6C3RO4030EDYv2jLYRDE_ecBUCKvNPtgRiGuVYP8kLfrJAcshsqx01pMY_HofaM80r3K95l6AUIsSP_H3C5Wf7OMf9Hk6cofFLuE 
. 
 
   The 2020 Sustainability Report, aligned with the Global Reporting 
Initiative standards, aims to assist stakeholders to further understand 
our business by providing transparent demonstration and disclosure of 
Kenmare's sustainability performance. The report outlines the strategy, 
policies, and management approach of Kenmare's longstanding and ongoing 
commitment to sustainability. These efforts are underpinned by the 
corporate values and purpose; to responsibly meet global demand for 
quality-of-life minerals. 
 
 
 
   Statement from Elaine Dorward-King, Chair of Sustainability Committee: 
 
   "Kenmare remains committed to advancing our efforts to be a responsible 
miner; focused on the safety and development of our people, as well as 
strong environmental and social performance. We have also enhanced our 
disclosure, to increase transparency, and set our first public 
sustainability targets. 
 
   In 2020, the Sustainability Committee endorsed strategies for Land 
Management, Water Stewardship, Energy and Climate Change and External 
Relations. These strategies brought together the work of many years and 
provides direction to further improve performance whilst ensuring 
long-term risks are managed. Of note in these strategies is Kenmare's 
commitment to building stronger biodiversity aspects into land 
management programmes and developing long-term greenhouse gas reduction 
targets." 
 
 
 
   Statement from Michael Carvill, Managing Director: 
 
   "Building on previous years sustainability disclosures in our Annual 
Reports, this standalone report has been a natural progression for 
Kenmare. We continue to evolve and improve our approach, with more 
structured policies, processes and reporting to demonstrate how Kenmare 
is fulfilling its purpose to 'responsibly meet global demand for 
quality-of-life minerals." 
 
 
 
   2020 Key Sustainability Highlights: 
 
 
   -- Reduced Lost Time Injury Frequency Rate (LTIFR) to 0.25 (down from 0.27 
      in 2019) 
 
   -- 90% of electricity requirements in 2020 were generated from renewable 
      (hydroelectric) sources 
 
   -- 180.5ha of mine land rehabilitated, including 10,133 Casuarina trees 
      planted in 2020 
 
   -- 97% of the workforce is Mozambican, with 62% of mine employees 
      originating from local communities 
 
   -- Female employees represent 10.6% of the workforce, up from 8% in 2019 
 
   -- US$2 million of continued investment in local communities 
 
   -- US$20.4 million payments to the Mozambique Government 
 
   -- Kenmare was named as the most transparent company in Mozambique by the 
      Centro de Integridade Pública (CIP) Extractive Industry Transparency 
      Index 
 
 
 
 
   For further information, please contact: 
 
   Kenmare Resources plc 
 
   Jeremy Dibb 
 
   Investor Relations 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 943 0367 
 
 
 
   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 accounted for approximately 5% of global titanium 
feedstocks in 2020 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

April 29, 2021 02:00 ET (06:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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