TIDMKMR 
 
Chatham House, Chatham St,     Tel: +353 1 671 0411            Fax: +353 
 Dublin 2, Ireland.                                             1 671 0810 
 
 Rua de Chuindi No.67 R/C,      Tel: +258 21 499 701            Fax: +258 
 Maputo, Mozambique.                                            21 499 731 
 
 Website:                       Email: 
 www.kenmareresources.com       info@kenmareresources.com 
 
               Kenmare Resources plc (?Kenmare? or ?the Company?) 
 
23 December 2009 
 
                     Settlement Deal Agreed with Contractor 
 
Kenmare  is  pleased  to  announce  that  it  has  entered  into a Deed of Final 
Settlement  and  Release  (?Deed  of  Settlement?)  with Multiplex Bateman Joint 
Venture  (MBJV),  who  were  employed  as  contractor to build the Moma Titanium 
Minerals  Mine in northern Mozambique. Under the terms of the Deed of Settlement 
all  outstanding rights,  obligations and  liabilities of  all parties under the 
Engineering,  Procurement and Construction Contract  and related agreements have 
been mutually settled and released. 
Leading  to the final settlement,  Kenmare has been paid  US$10 million and will 
keep  all  amounts  currently  held  on  retention totalling approximately US$12 
million.  In addition, MBJV has waived invoice payments totalling US$8.5 million 
and  other rechargeable costs due  to MBJV under the  contract. Delay damages of 
US$20  million were also  withheld from invoices  and certain reimbursable costs 
submitted by the contractor. The Deed of Settlement is final in all respects. 
Charles  Carvill, Chairman said, ?We are very pleased with the settlement agreed 
with  the contractor. It allows  Kenmare to move on  with establishing Moma as a 
robust and well-performing mine.? 
For more information: 
Kenmare Resources plc 
Michael Carvill, Managing Director 
Tel: +353 1 671 0411 
Mob: + 353 87 674 0110 
Murray Consultants 
Jim Milton/Joe Heron 
Tel: +353 1 498 0345 
Mob: + 353 86 255 8400 
Conduit PR Ltd 
Charlie Geller 
Tel: +44 207 429 6666 
Mob: +44 797 0067320 
          www.kenmareresources.com <http://www.kenmareresources.com/> 
 
 
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