Kenmare Resources Operational Update
March 10 2021 - 2:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc ("Kenmare" or "the Company" or "the Group")
10 March 2021
Operational update
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 (the "Mine" or "Moma") in northern Mozambique,
announces an operational update.
Mozambique has been experiencing an increase in the number of COVID-19
cases in Q1 2021. COVID-19 positive test results at Moma increased in
December 2020, as reported in mid-January with the Q4 Production Report.
This has risen to 177 people currently in isolation, with the majority
of positive cases being asymptomatic.
Protecting our people is Kenmare's highest priority and management is
focused on minimising the spread of COVID-19. In addition to
pre-existing physical distancing and hygiene protocols, Kenmare has
initiated blanket testing of the workforce on the site every two weeks
and is targeting a reduction of this interval. This will help to
identify and isolate positive cases more quickly and limit the spread of
the virus.
The larger number of cases is limiting availability of the workforce,
including senior management, at the site. However, the business is being
managed to mitigate the impact and production has continued at normal
levels.
Kenmare will provide a further update with the release of its 2020
Preliminary Results on Wednesday 24 March 2021.
For further information, please contact:
Kenmare Resources plc
Jeremy Dibb
Investor Relations
https://www.globenewswire.com/Tracker?data=anBgfE2e_VNt3AIAKIEzoDCT-pSMUZ11n6OQowMTKN7ay4PPNPwNlWXr-zQWdmEW1cklgP6m4hn3o3rx3pZ7Z-N26bycEdgST7Mt-QGTRT4=
ir@kenmareresources.com
Tel: +353 1 671 0411
Mob: + 353 87 943 0367
Murray (PR advisor)
Joe Heron
Tel: +353 1 498 0300
Mob: +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.
Forward Looking Statements
This announcement contains some forward-looking statements that
represent Kenmare's expectations for its business, based on current
expectations about future events, which by their nature involve risks
and uncertainties. Kenmare believes that its expectations and
assumptions with respect to these forward-looking statements are
reasonable. However, because they involve risk and uncertainty, which
are in some cases beyond Kenmare's control. Actual results or
performance may differ materially from those expressed or implied by
such forward-looking information.
(END) Dow Jones Newswires
March 10, 2021 02:00 ET (07:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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