Kenmare Resources, listed on the LSE and the Euronext Dublin, spent the latter half of 2020 relocating its Wet Concentrator Plant (WCP) B at its Moma titanium minerals mine in northern Mozambique – a hefty feat.
With the move taking mere weeks, the relocation had a hefty price tag of US$106 million, which gives some idea of the scale and complexity of the project.
WCP B was moved from Moma’s Namalope ore zone, where it began mining in 2013, to the high-grade Pilivili ore zone, 23 km away. While Kenmare identifies the relocation as a growth project (as it is critical to the company reaching its target production of 1.2 Mtpa of ilmenite and co-products by 2021), it can also be seen as a stay-in-business initiative.
Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.