Kenmare Resources to return up to £61.8m to shareholders

Dublin and London listed mining company Kenmare Resources is set to return up to £61.8 million to shareholders as part of a plan to buy up to 13.5 per cent of its issued shares.

The company, which is a leading global producer of titanium minerals and zircon, said the move was in keeping with its stated intention to increase shareholder returns following the successful completion of its major capital projects.

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.

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