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Fatal incident involving a police officer
Globenewswire· 2025-10-02 06:00
Core Viewpoint - Kenmare Resources plc reported a tragic incident involving a police officer at its Moma Titanium Minerals Mine in Mozambique, highlighting concerns over security and safety at the site [3][4][5]. Incident Details - The incident occurred on 30 September 2025, when a police officer was assaulted while guarding the Mine's water pump station, resulting in significant head trauma and subsequent death [3][4]. - The assault appears to have been motivated by theft, specifically the theft of electrical cables from the pump station [4]. Company Response - Kenmare is cooperating with the Mozambican police, who have dispatched an investigation team to the site, and is enhancing security measures by ensuring security personnel work in pairs [5][6]. - The Managing Director expressed condolences to the officer's family and emphasized the company's commitment to safety and wellbeing for all individuals involved in its operations [6]. Company Overview - Kenmare Resources plc is a leading producer of mineral sands products, operating the Moma Titanium Minerals Mine, which accounts for approximately 6% of global titanium feedstocks [7]. - The company supplies its products to customers in over 15 countries, with applications in everyday items such as paints, plastics, and ceramic tiles [7].
Report on Payments to Governments
Globenewswire· 2025-05-14 06:00
Core Viewpoint - Kenmare Resources plc has published its Report on Payments to Governments for the financial year ended 31 December 2024, detailing payments made to the Government of Mozambique related to its mining operations at the Moma Titanium Minerals Mine [2][3]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique, which accounts for approximately 6% of global titanium feedstocks [5][22]. - The company is incorporated in Ireland and has a premium listing on the London Stock Exchange, with a secondary listing on Euronext Dublin [5]. Regulatory Compliance - The report complies with the Transparency Regulations, Companies Act 2014, and UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, ensuring transparency in payments made to governments [4]. Payment Analysis - The report categorizes payments made to the Government of Mozambique, including taxes, royalties, and fees, with a total payment of $20,323,000 for the year 2024 [21]. - Specific payments include $9,921,000 in taxes, $10,087,000 in royalties, and $315,000 in fees [21]. Operational Structure - The mining operations at the Moma Mine are conducted by Kenmare Moma Mining (Mauritius) Limited and processing by Kenmare Moma Processing (Mauritius) Limited, both wholly-owned subsidiaries of Kenmare [6][9]. - The Group's corporate costs are recorded by the parent company, which does not engage in direct exploration or mining activities [7]. Financial Metrics - For the fiscal year ending 31 December 2024, the margin applied to cash costs of mining was 50.5%, as stipulated in the Mineral Licensing Contract with the Government of Mozambique [12]. - KMML is subject to a mining royalty of 3% based on HMC sold to KMPL, while KMPL pays a revenue royalty of 1% on recognized revenue [13][16]. Community Contributions - The report highlights the Group's contributions to local communities, although specific payments for infrastructure improvements are excluded from the report [10][17].