Kenmare Resources broke an unusual record in 2020. The Irish titanium miner group moved an entire factory 22km from one part of its ore body in Mozambique, Africa, to another site.
“That was the heaviest mass ever lifted in Africa and the largest mass that has ever been transported that distance by road anywhere in the world,” its chief executive, Michael Carvill says proudly.
“And we had to build the road ourselves, through nothing, through bush. Nobody has done this ever before. Basically putting a factory on flatbed trucks, wide as a football pitch, seven storeys high, it took 48 hours. It took two years’ work and $127million capital expenditure.”
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.