Kenmare (KMR.L, KMR LN)

  • 412.9
  • 94.9
  • 99.7

    Closing Price (p): 435.0

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15


Company Profile

Kenmare Resources is an Irish-registered company that produces ilmenite, rutile and zircon from its 100%-operated Moma mine located in northern Mozambique. Ilmenite and rutile are titanium minerals mined for their titanium dioxide content that is used in 'quality-of-life' products such as paints, plastics, papers and cosmetics. Zircon is a co-product of titanium mining and is used in ceramics, foundries, etc. Kenmare's Moma mine currently has c.8% share of the global titanium dioxide feedstock market and is the world's largest producer of merchant ilmenite. The group has invested $1.2bn since operations began and the life of mine is +100 years.

Major Shareholders%
State General Reserve Fd. of Oman21.5
M&G Investment Management Ltd.14.8
FIL Investment Advisors (UK) Ltd.7.6
Premier Fund Managers Ltd.5.9
Aberforth Partners5.7