Last checked at 29 Nov 2019 07:00
Environmental permit approved for road to Pilivili
Kenmare Resources plc (“Kenmare” or “the Company”)
29 November 2019
Environmental permit approved for road to Pilivili
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine in northern Mozambique, is pleased to announce that approval has been received for the Environmental, Social and Health Impact Assessment (“ESHIA”) for the purpose-built road to Pilivili by the Ministry of Land, Environment and Rural Development in Mozambique.
As part of its growth strategy to increase production to 1.2 million tonnes per annum of ilmenite from 2021, Kenmare is relocating its Wet Concentrator Plant (“WCP”) B to the high grade Pilivili ore zone in Q3 2020. The ESHIA for the road, which includes the power line, Heavy Mineral Concentrate pipeline and related infrastructure, was the second of two environmental approvals required for the relocation of WCP B. The first approval for the Pilivili mining area was received in May 2019.
Kenmare had commenced construction of the road from within the existing Namalope permit area in late Q3 2019 and following receipt of the road ESHIA approval and forthcoming environmental licence, construction will commence along the remainder of the 23-kilometre route. The project delivery timeline for the relocation of WCP B remains on track.
Statement from Michael Carvill, Managing Director:
“The road ESHIA is the second and final environmental approval required for the relocation of WCP B to Pilivili. We are on track to relocate WCP B in Q3 2020 and begin commissioning in Q4 2020. Pilivili is the highest grade ore zone in Kenmare’s portfolio and from 2021 we expect to have increased production and become a first quartile margin producer.”
For further information, please contact:
Kenmare Resources plcJeremy Dibb / Katharine SuttonInvestor RelationsTel: +353 1 671 0411Mob: + 353 87 943 0367 / + 353 87 663 0875
Murray (PR advisor)Joe Heron Tel: +353 1 498 0300Mob: +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 accounts for approximately 7% of global titanium feedstocks 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.