We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kennedy Venture | LSE:KENV | London | Ordinary Share | GB00B830HW33 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.625 | 4.50 | 4.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMKENV
RNS Number : 1861L
Kennedy Ventures PLC
17 July 2017
17 July 2017
Kennedy Ventures plc
Multiyear Supply Agreement
Kennedy Ventures plc ("Kennedy Ventures" or "the Company"), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited ("Aftan"), has an interest in the Tantalite Valley Mine in Namibia ("TVM"), is pleased to confirm that Aftan has signed a multiyear supply agreement with a global North American leading tantalum consumer and end user of our tantalum ore ("the Customer") as of 14 July 2017.
During H1 CY17, Aftan with the consultation of Kennedy CEO Larry Johnson, has been implementing important upgrades, testing and adjustments to the plant, slowing down the production schedule to establish the optimal grade of concentrate from the plant. This has taken place in conjunction and discussion with the Customer with the objective of meeting their world class specifications. Aftan has booked sales to the Customer of 1 tonne and will be shipping 3 tonnes imminently. Aftan continues to work closely with the Customer and will do so through CY17 in a continued ramp up of deliverable tantalum ore. The Customer's demand for Aftan's product continues to exceed current production. Accordingly, the Company intends to make additional required amendments to the plant which will provide critical upgrades and will put Aftan into a much stronger position and enable it to meet the Customer's demand.
Larry Johnson, CEO of Kennedy Ventures commented:
"We are very pleased to have secured a global leading tantalum consumer as a long-term partner and look forward to working closely with them as we continue to optimise the plant and deliver into the Customer's demand which continues to exceed current state production. Plant productivity is expected to increase periodically and sales also throughout CY17 and CY18."
Kennedy Ventures plc Larry Johnson (CEO), c/o Tel: +44 (0)203 757 Camarco 4983 finnCap (Nominated Adviser Tel: 44 (0)20 7220 and broker) 0500 Christopher Raggett / Scott Mathieson / Anthony Adams (corporate finance) Simon Johnson (corporate broking) Shore Capital (Broker) Tel: +44 (0) 207 Mark Percy / Toby Gibbs (corporate 408 4090 finance) Jerry Keen (corporate broking) Camarco (PR) Tel: +44 (0) 203 Gordon Poole 757 4980 Billy Clegg James Crothers
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRDBGDRXUBBGRL
(END) Dow Jones Newswires
July 17, 2017 02:00 ET (06:00 GMT)
1 Year Kennedy Venture Chart |
1 Month Kennedy Venture Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
