Kenmare Resources
is a mining company ticker symbol is GBX and trades on the L stock exchange.
Price chart (OTC:KMRPF)
Kenmare operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique. The Moma Mine contains deposits of heavy minerals which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon. Ilmenite and rutile are used in the manufacture of titanium dioxide pigment and titanium metal. Titanium dioxide pigment has high opacity and brilliant whiteness, which is principally used in paints, paper and plastics. The primary application for zircon is in the manufacture of opacifiers for ceramics. Titanium metal is a light, strong metal with low co-efficient of thermal expansion which is used in aerospace and other demanding applications. Mining is principally undertaken using dredges which float in artificial mining ponds. These dredges pump the mineral sands that form the wall of the pond into a floating Wet Concentrator Plant (WCP). A Heavy Mineral Concentrate (HMC) is produced, which is then pumped to the nearby Mineral Separation Plant (MSP) where it is separated into final products for export via Kenmare’s company-owned port facility. All operations at the site are powered using hydro-generated electricity transmitted to the location by a company-owned, 170km-long, 110kV overhead transmission line. The ability to use dredge mining, low-cost power and direct export facilities from the site at Moma are significant factors that differentiate the Moma Mine.
Projects
| Project | Commodity | Location |
|---|---|---|
| Moma Titanium | Uranium | -16.52851184842747, 39.64208979471868 |
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