Kenmare Resources Welcomes New Dredges to Moma Mine
Exciting Developments at the Moma Mine
Kenmare Resources plc is a major player in the global mining sector, particularly known for its production of titanium minerals and zircon. Recently, Kenmare achieved a significant milestone with the arrival of its second high-capacity dredge at the Moma Titanium Minerals Mine in northern Mozambique. This advancement represents a critical step in upgrading their Wet Concentrator Plant (WCP) A, an essential component of their mining operations.
Significance of the New Dredges
These dredges are not just machines; they symbolize a leap forward in operational capacity and efficiency for Kenmare. The addition of these high-capacity dredges will enable the company to enhance its production capabilities at the Moma Mine significantly. This upgrade is vital, as it allows Kenmare to meet the growing demand for titanium feedstocks, which are integral in various applications, including paints, plastics, and ceramics.
Vision from Leadership
Ben Baxter, the Chief Operations Officer of Kenmare, expressed his enthusiasm about the launch of the new dredges. He stated, “With the two new dredges now safely at Moma, all the key components required for the upgrade of WCP A are on site. This represents another important milestone in the progressive de-risking of this project.” Baxter indicated that the connection of these dredges would soon commence, keeping the project timeline intact.
Future of the Moma Mine Operations
The planned connection of the new dredges to WCP A marks an important phase in Kenmare's operational updates. As the company moves forward with these upgrades, they aim to transition towards the substantial Nataka ore zone, further enhancing their resource output. The combination of new technology and strategic management positions Kenmare to remain competitive in the titanium mineral market.
Kenmare Resources Overview
Kenmare Resources plc is listed on both the London Stock Exchange and Euronext Dublin. The company operates the Moma Titanium Minerals Mine, which accounts for a significant share of global titanium feedstocks. Kenmare’s reach extends beyond Mozambique, providing raw materials to customers in over 15 countries. Their products are not only vital for industrial applications but also play a key role in everyday consumer goods.
Company Contacts for Further Information
Should you have any questions or require more information about this development, feel free to reach out to the Kenmare team:
Kenmare Resources plc
Katharine Sutton
Investor Relations
Email: ir@kenmareresources.com
Tel: +353 1 671 0411
Mob: +353 87 663 0875
Connect with the PR Team
Inquiries regarding public relations can be directed to:
Murray (PR advisor)
Paul O’Kane
Email: pokane@murraygroup.ie
Tel: +353 1 498 0300
Mob: +353 86 609 0221
Frequently Asked Questions
What are the new dredges at the Moma Mine?
The new dredges are high-capacity machines that enhance Kenmare's production capabilities at the Moma Mine.
Why are the dredges significant for Kenmare Resources?
The dredges are crucial for upgrading the Wet Concentrator Plant and will help meet increased demand for titanium feedstocks.
Who is the Chief Operations Officer of Kenmare Resources?
Ben Baxter is the Chief Operations Officer who has highlighted the importance of the new dredges for Kenmare's operations.
How does Kenmare Resources contribute to the titanium market?
Kenmare is one of the largest producers of titanium minerals, supplying to customers in over 15 countries worldwide.
Where is the Moma Titanium Minerals Mine located?
The Moma Mine is situated in northern Mozambique, where Kenmare Resources operates to extract significant titanium resources.
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