Rutile Sales Contract Signed
14 April 2003 - 9:08PM
UK Regulatory
RNS Number:9942J
Kenmare Resources PLC
14 April 2003
Kenmare Resources plc ("Kenmare" or "the Company")
Kenmare Signs Rutile Sales Contract
Kenmare Resources plc, a natural resources exploration and mining group,
announces that it has signed a multi-year off-take contract for the sale of a
substantial portion of rutile from its Moma Titanium Minerals Project in
Mozambique. The specific terms of this contract are confidential.
Rutile is a high quality titanium dioxide mineral used in the pigment, titanium
metal and welding rod industries. Kenmare has now secured contracts for all of
the zircon and a substantial portion of the ilmenite and rutile to be produced
at Moma. First production from the Moma Titanium Minerals Project is expected in
2005.
Michael Carvill, Managing Director of Kenmare, said:
"We are very pleased to be able to announce this contract and look forward to a
long term business relationship with our customer."
For more information :
Kenmare Resources plc
Michael Carvill, Managing Director
Tel: + 353 1 671 0411
Mob: + 353 87 674 0110
Binns & Co PR Ltd
Paul McManus
Tel: + 44 20 7786 9600
Mob: + 44 7980 541 893
Judith Parry
Tel: + 44 113 242 1171
Murray Consultants
Tom Byrne
Tel: + 353 1 498 0339
www.kenmareresources.com
14th April 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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