Kenmare Resources boss Michael Carvill is not anticipating the company becoming a fresh takeover target amid ongoing consolidation in the industry.

Former mining company executive Donal Kinsella will have to repay €250,000 of a €500,000 payment he received so that a record €10m libel award to him against the company could be appealed, the Court of Appeal has ruled.

The Court of Appeal will rule later on an appeal by Kenmare Resources over a €10m libel award, the highest in the history of the State, to its former deputy chairman Donal Kinsella over a press release issued by the firm.

Irish mining company Kenmare Resources has announced its intention to pay a maiden dividend to shareholders before the end of next year. The company, which owns the Moma titanium mine in Mozambique, said it plans an initial modest payout to shareholders in the second half of next year and that dividend value will be a minimum of 20% of post-tax profit.

Shares in Irish mining firm Kenmare Resources fell by more than 2% on the back of the company reporting a slow start to the year.

Kenmare Resources returned to profit in the first half of the year and recorded an 82% annualised increase in revenues on the back of increased commodity prices and sales volumes.

Irish miner company Kenmare Resources is expected to show further bottom line improvements this year after reporting a significant narrowing in losses and an increase in productivity in 2016. 

Kenmare Resources has forecast increased production for the second half of this year as conditions continue to improve at its operations in southern Africa.

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).

The next five years is a make or break period for Ireland’s burgeoning offshore exploration sector, an industry analyst said yesterday.

Irish mining firm, Kenmare Resources is anticipating a stronger production roll-out for the second half of the year, after seeing the first six months blighted by storm-related power failures.

Kenmare Resources chief, Michael Carvill has said that the company’s future is not dependent on it being taken over and says it has a viable independent future if not acquired.

The takeover of Irish mining firm Kenmare Resources by Australian suitor Iluka seems still to be in the very early stages, based on comments from the latter’s managing director. 

Kenmare Resources has expressed its openness to a revised takeover proposal from Australian mineral exploration company Iluka Resources.

Irish mining firm Kenmare Resources has repatriated 62 South Africans working at its titanium mine in Mozambique for their safety after anti-immigrant attacks back home.

Australian mineral exploration company Iluka Resources remains upbeat about its chances of acquiring Dublin-based miner Kenmare Resources.

Irish mining firm Kenmare Resources has secured a one month extension to its deadline for ongoing debt restructuring talks.

Irish mining firm Kenmare Resources is in discussions that could lead to the company being taken over by Australian player, Iluka Resources.

Dublin-headquartered mining company Kenmare Resources recorded net losses three times greater in the first six months of the year than they endured in the same period in 2013, according to the company’s half-yearly results.

Shares in mining firm Kenmare Resources jumped by almost 30% yesterday following its rejection of a takeover approach from Australia’s Iluka Resources.

The chairman of Dublin listed mining company Kenmare Resources, Justin Loabsy is to retire from its board due to ill health with immediate effect, it was announced yesterday.

Mining company Kenmare Resources saw its share price rise by almost 8% yesterday on the back of a strong trading performance in the first quarter, traditionally the Dublin firm’s lowest production point of the year.

Kenmare Resources is confident that once global demand for titanium recovers they are well positioned to be a major beneficiary.

Shares in mining firm Kenmare Resources shot up by over 6% yesterday on the back of the company completing the refinancing of an overhanging debt mountain of $160m (€117m), originally due for repayment next year.

Shares in Irish mining company, Kenmare Resources fell by nearly 10% yesterday after it showed a net loss for the first half of the year and reported a slowing demand for some areas of its mineral output.

Irish exploration firm, Fastnet Oil & Gas has expanded its presence in Morocco by acquiring a 37.5% operating share in an onshore acreage which could transform the north African country from a near total importer of gas to a net exporter.

Tullow Oil has reached agreement to sell its operations in Bangladesh to Far Eastern exploration firm, KrisEnergy for $42.35 million (€32.4m).

Up to €623m will this year be donated through Irish Aid to seven developing countries with €37.5m – the single biggest pay-out – to Mozambique.

Kenmare Resources has identified 2013 as being a potential watershed year for the company as it focuses on getting to a position where it can start paying a dividend to shareholders.

Irish mining company Kenmare Resources says its revenues grew by 40%, last year, to $234.5m (€172m), with total production from its Moma Titanium mine in Mozambique topping 772,000 tonnes.

Kenmare Resources has announced a 40% increase in revenue to $234.5m in 2012 from $167.5m in 2011.

Markets across the eurozone continued their positive momentum as ratings agency Moody’s affirmed Spain’s credit rating of Baa3, one notch above junk status.

Markets recovered somewhat across Europe after a turbulent few days and despite a ratings downgrade for Spain.

Kenmare Resources chief Michael Carvill hasn’t ruled out the mining company expanding its international presence and asset base, but said that will only happen when the company’s Moma titanium mine in Mozambique hits full potential in the next couple of years.

World stocks edged higher yesterday after data showed the US services sector grew at a slightly faster pace in May, but the Iseq fell nearly 2% as the eurozone crisis escalated, with Spain saying it was being shut out of credit markets.

Kenmare Resources — the Irish-based mining company focused on south-east Africa — has reiterated it is on target to complete second-phase expansion of its Moma titanium mine in Mozambique by the end of this year.

The ISEQ index of Irish shares closed down 4 points to 3,085 today, a drop of just 0.1%.

The ISEQ index of Irish shares closed down 1.78% to 3108 this evening.

European markets experienced a small bounce to recover some of the ground lost during the previous session.

The ISEQ index of Irish shares was flat at close this evening.

The ISEQ index of Irish shares closed up 56 points to 3,196, a rise of 1.8%.

The Iseq index gained 7.57 points yesterday to close at 3,286.20.