Irish mining firm Kenmare Resources shares up 29% on debt deal

Shares in Irish mining firm Kenmare Resources surged nearly 29% yesterday on the back of it copperfastening a deal that will slash its debt by over $200m (€258m).

Irish mining firm Kenmare Resources shares up 29% on debt deal

The Dublin-based firm – which owns and operates the Moma titanium mine in Mozambique – announced yesterday its chief lenders have approved its debt restructuring plan, which will, at the very least, see its debt mountain shrink from $330m to no more than $100m.

The plan sees Kenmare raising between $275m and $368m in total.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited