Kenmare appoints new COO

Kenmare Resources, the ISEQ and London-quoted mining company, has announced the appointment of Chris Gilchrist as chief operations officer.

Kenmare appoints new COO

Kenmare Resources, the ISEQ and London-quoted mining company, has announced the appointment of Chris Gilchrist as chief operations officer.

Work has begun on Kenmare’s Moma Titanium Minerals Project in north-eastern Mozambique which, the company predicts, will produce 650,000 tonnes of titanium minerals and 60,000 tonnes of zircon annually.

Dr Gilchrist has more than 25 years’ experience in the mining sector. He joins Kenmare from Cleveland Potash Limited, where he was general manager.

He has worked in a number of management and research roles in his career with DeBeers, Gold Fields of South Africa and the South African Chamber of Mines.

Kenmare’s managing director Michael Carvill said: "Chris’ appointment marks an important advance in Kenmare’s preparations for the commencement of production from Moma. We are delighted that he is joining us."

Titanium minerals are most commonly consumed in the manufacture of white titanium dioxide pigment, which is in turn used in paint, plastics and paper industries.

Other applications include titanium metal, which is very light, corrosive resistant and strong, and is used in applications where these properties are valuable, such as aircraft.

With an improved global economy and increased pigment demand, a deficit of titanium minerals is predicted in the coming years.

Additionally, the tight market for zircon is putting significant upward pressure on pricing.

First production is expected from Moma in the second half of 2006.

Kenmares share price on the ISEQ was unchanged at 7c mid-morning.

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