Mineral rights renewal

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Media Speculation
Globenewswireยท 2025-08-15 09:30
Group 1 - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [2][6] - The company is currently in discussions with the Government of Mozambique regarding the renewal of key rights and concessions under the Implementation Agreement, with final terms yet to be concluded [2][5] - Operations at the Moma mine continue as usual and have not been affected by the ongoing discussions [3] Group 2 - The Implementation Agreement (IA) was established in 2002, outlining the terms for Kenmare's mineral processing and export activities, with an initial period set to expire in December 2024 and a potential 20-year extension [4] - Kenmare has been pursuing the extension process since late 2022 and has received confirmation that existing rights and benefits remain effective while the extension process is ongoing [5] - Kenmare's production accounts for approximately 6% of global titanium feedstocks, supplying customers in over 15 countries [6]