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Company spotlight: Kenmare Resources plc

Jason G. Wulterkens (December 1st, 2008) Writes:
Kenmare Resources plc is quoted on the official lists of the Irish and London Stock Exchanges (London:KMR). Its principal activities center on the exploration for commercial deposits of natural resources and the development and operation of mines. For example, the firm’s main asset is the Moma Titanium Minerals Mine, located on the coast of Mozambique. The Moma Mine contains reserves of heavy minerals which include the titanium minerals ilmenite and rutile, as well as the high-value zircon mineral. In addition, Kenmare have acquired a Mozanbiquan uranium exploration license. Titanium is considered a valuable resource for industrial producers because it is added to paints and pigments to make the color more opaque. Currently, the titanium market is dominated by a small number of giant mining companies, such as Rio ...

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