Kenmare Resources Progresses Wet Concentrator Plant A Upgrade at Moma Mine

Kenmare Resources (LSE:KMR) has begun upgrading its Wet Concentrator Plant A (WCP A) at the Moma Titanium Minerals Mine in Mozambique. The project includes the integration of new dredges and a feed preparation unit, enabling mining in the Nataka ore zone, which contains around 70% of the mine’s total resources. With a capital investment of $341 million, the upgrade is designed to support long-term output and enhance mining rates by managing higher slime levels within the ore body.

During the upgrade, production has been temporarily halted for three to four weeks. Despite the pause, the company has reaffirmed its commitment to meeting full-year 2025 production and cost guidance.

Kenmare’s investment profile is supported by a compelling valuation, marked by a low price-to-earnings ratio and attractive dividend yield, which appeal to both value and income-focused investors. However, financial performance has been uneven, with revenue and profitability margins under pressure. Technical indicators currently point toward a bearish trend, highlighting the importance of improving efficiency and boosting revenue streams to strengthen overall financial health.

About Kenmare Resources

Kenmare Resources plc ranks among the world’s leading titanium mineral producers and operates the Moma Titanium Minerals Mine in Mozambique. The company provides key raw materials used in everyday products such as paints, plastics, and ceramic tiles. Supplying customers in over 15 countries, Kenmare is responsible for roughly 6% of global titanium feedstock production.

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