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As of 12:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

kenmare resources plc (KMR) Snapshot

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52 Week High
07/3/14 - €0.21
52 Week Low
01/7/15 - €0.03
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kenmare resources plc (KMR) Details

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, and the United States. The company operates the Moma titanium minerals mine located on the north east coast of Mozambique that contains approximately 200 million tonnes of ilmenite and associated co-products. Its products include ilmenite and rutile titanium minerals used as feed stocks to produce titanium dioxide pigment, titanium metal, and welding electrodes; and zircon, a zirconium silicate mineral that is used in ceramics, refractory, and foundry industries, as well as to produce zirconia and zirconium chemicals for various applications. The company is headquartered in Dublin, Ireland.

1,529 Employees
Last Reported Date: 04/11/14
Founded in 1972

kenmare resources plc (KMR) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: $726.0K
Financial Director and Executive Director
Total Annual Compensation: $479.0K
Technical Director and Executive Director
Total Annual Compensation: $302.0K
Compensation as of Fiscal Year 2013.

kenmare resources plc (KMR) Key Developments

Kenmare Resources plc Announces Kenmare Operations Update

Kenmare Resources plc provided an operational update. Recent flooding in Nampula Province in northern Mozambique has resulted in damage to the power line between the Moma Mine and the city of Nampula, causing an interruption to the supply of grid power to the mine. The power failure occurred when the Meluli River burst its banks, compromising the overhead line. A temporary repair was recently carried out in this location following a previous storm and as a result some of the materials necessary for repair are already at site with additional supplies to follow. A joint Kenmare and Electricidade de Moçambique team has been mobilized to begin repairs as the flooding subsides. In the meantime, the diesel generators have continued to operate and the mine has been processing HMC stocks, magnetic and non-magnetic concentrate stocks, and exporting product. It is expected that the available power will be used to alternate supply between the Mineral Separation Plant and Wet Concentrator Plant B in a series of campaigns until grid power is restored. The effect of the power outage will be mitigated due to the significant levels of ilmenite product inventories on hand. The company has recently secured additional off-take volumes with a new ilmenite customer for the product that makes up the bulk of the inventories on hand at Moma. The company will provide further updates in due course.

Kenmare Resources plc Reports Earnings Results for the Fourth Quarter and Year Ending December 31, 2014

Kenmare Resources plc reported earnings results for the fourth quarter and year ending December 31, 2014. For the quter, Kenmare mined 8,820,000 tonnes of ore at a grade of 5.24% and produced 366,600 tonnes of HMC, compared with 316,500 tonnes of HMC in the third the quarter of 2014. Increased grades and completed upgrade work to debottleneck WCP B (Wet Concentrator Plant B) in third quarter 2014 contributed to the additional HMC produced in fourth quarter. For the full year, Kenmare mined 34,120,000 tonnes of ore at an average grade of 4.55% and produced 1,287,300 tonnes of HMC. Finished product volumes for the year included 854,600 tonnes of ilmenite and 50,800 tonnes of zircon (including 7,200 tonnes of a lower grade secondary zircon product).

Kenmare Resources plc Presents at GMP Jamboree Conference, Feb-07-2015 11:00 AM

Kenmare Resources plc Presents at GMP Jamboree Conference, Feb-07-2015 11:00 AM. Venue: Arabella Resort & Spa, Hermanus, South Africa.


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