Kenmare Resources

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Kenmare Resources plc
Type Public
Traded as LSEKMR, ISEQJEV
Industry Mining
Founded 1985
Headquarters Dublin, Republic of Ireland
Key people Charles Carvill, Chairman
Michael Carvill, Managing Director
Revenue $137.9 million (2013)[1]
Operating income $4.7 million (2013)[1]
Net income $(44.1) million (2013)[1]
Website www.kenmareresources.com

Kenmare Resources plc is a mining company based in the Republic of Ireland. It is listed on the Irish Stock Exchange and the London Stock Exchange.

History[edit]

The Company was founded by Charles and Michael Carvill in 1986 to exploit mineral wealth in Mozambique.[2] A tailings dam from mineral processing failed on 8 October 2010, destroying a nearby native village and leaving one 4 year old child missing; mining resumed the following month after some 300 homes had been rebuilt.[3]

Operations[edit]

The Company's principal asset is the Moma mineral sands mine located in Mozambique which has been in production since late 2007.[4] The mine produces 7% of the world’s ilmenite, the main source of titanium metal and titanium dioxide used as a white pigment in paint. It also produces 4% of the world’s zircon, a source of zirconium metal.[4]

References[edit]

External links[edit]