KMR Kenmare Resources Plc

RNS Number:5101D
Kenmare Resources PLC
10 January 2000


Kenmare Resources plc ("Kenmare" or "the Company")

Approval of Placing and Appointment of Two New Directors


At an EGM held in Dublin today shareholders in Kenmare approved inter alia a
placing of 5,741,900 New Ordinary Shares at Stg7.5p each in the Company. This
placing represents the second tranche of a placing of 11,483,800 new Ordinary
Shares which in total raised approximately Stg#710,000 after expenses. The net
proceeds of the placing will be used to fund the completion of a
pre-feasibility study over the mineral sands deposits in the Moma region of
Mozambique, the drilling of the Pilivili and Namalope zones of the Moma
orebody and for ongoing operations.

In addition, shareholders appointed Mr. Ken Judge and Mr. Simon Farrell as
Directors of the Company. Your Board believes that the appointments of Mr.
Judge and Mr. Farrell, both of whom have extensive experience in the mineral
exploration and mining industry, will benefit the Company considerably.

Mr. Charles Carvill, Chairman of Kenmare, commented as follows:  "I am
delighted to welcome Ken Judge and Simon Farrell to the Kenmare Board. Kenmare
now has funds in place and is accelerating the development of our Mozambique
Titanium Project.  The purchase of the Wet Concentrator Plant from BHP by
Kenmare last week is a significant advance for the project and I look forward
to the completion of the pre-feasibility study in the coming weeks."


For further details please contact:

Tony McCluskey
Finance Director, Kenmare Resources plc       
+353-(0)1-6710411 or +353-(0)87-6740346

Jim Milton
Public Relations Representative
+353-(0)1-6614666 or +353-(0)86-2558400

END
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