Kenmare Resources ‘not worried’ by Mozambique move

MINING company Kenmare Resources has said that it doesn’t anticipate its operations in Mozambique to be adversely affected by government plans to revise that country’s mining laws.

Dublin-based Kenmare’s chief asset is the Moma titanium mine, located on the Mozambique coast. The country’s government is looking to revise its mining laws, so that the state will receive a stake in strategic areas such as coal.

Speaking to the international media, yesterday, Kenmare’s managing director, Michael Carvill, said the company didn’t think the plans formed any radical re-think from what had already been understood and sees them as being “an appropriate change” in legislation. He added that the proposed amendments to legislation shouldn’t be retrospective, thus not affecting Kenmare’s operations.