Kenmare reaches agreement on Mozambique mine

ISEQ listed Kenmare Resources announced today that it has reached agreement on a fixed price $220m (€325.5m) development contract to build the Moma Titanium Minerals Mine in Mozambique.

The contract is with a joint venture formed by two companies for the purposes of the project - a contracting group and an international engineering group with specific mineral sands expertise and experience of working in Mozambique.