KMR Kenmare Resources Plc

 
TIDMKMR 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
   26 June 2018 
 
   Board Update 
 
   Kenmare Resources plc is pleased to announce that Mr Clever Fonseca has 
agreed to join the Company's Board as an independent Non-Executive 
Director, effective 1 July 2018. Mr Fonseca has worked in the titanium 
industry for over thirty five years and has extensive knowledge and 
board-level management experience of mineral sands mining. 
 
   Mr Fonseca has experience of working in the titanium pigment and 
feedstock industries. He was responsible for developing Brazil's only 
dredge-mined mineral sands operation, was Vice President of Global 
Supply and Mining for Millennium Inorganic Chemicals (now Cristal 
Global) in the US, and also served as Executive Director of Mineral 
Deposits Limited in Melbourne. Most recently, he was Chief Executive of 
TiZir Limited, where he was responsible both for the development of the 
Grand Côte mineral sands mine in Senegal, and its integration with 
the TTI smelter at Tyssedal, to form TiZir. He retired from TiZir in 
2012. 
 
   He has a BSc in Mining Engineering from Universidade Federal De 
Pernambuco, and an MBA from Fundacao Getulio Vargas, both in Brazil. 
 
   The appointment of Mr Fonseca is consistent with the Board's aim of 
continually improving governance, by ensuring the highest levels of 
relevant industry skills and experience are reflected in the Company's 
set of independent Non-Executive Directors. 
 
   Coincident with Mr Fonseca's appointment, to maintain the same number of 
Directors on the Board and to further increase the ratio of 
Non-Executive Directors to Executive Directors, Terry Fitzpatrick who 
has served with great distinction and loyalty for many years as 
Executive Technical Director, retires as from 1 July from the Company's 
Board, but will take up a position as director on the boards of 
subsidiary operating companies. 
 
   Commenting on the annoucement, Steven McTiernan, Chairman of Kenmare 
said: 
 
   "I am delighted that Clever has agreed to serve on the Kenmare Board. We 
expect to benefit hugely from his independent industry insights, 
exposure to diverse mineral sands projects globally, and extensive 
operations experience. These qualities will be invaluable as we consider 
mine development options and other strategic decisions in the years 
ahead. 
 
   I would also like to sincerely thank Terry for his immense and 
unstinting contribution to the Board over many years and look forward to 
his continuing executive contribution to the company in the future." 
 
   There are no matters in respect of Mr. Fonseca requiring disclosure 
under UK Listing Rules 9.6.13(1) to 9.6.13(6) inclusive. 
 
   For further information, please contact: 
 
   Kenmare Resources plc 
 
   Michael Carvill, Managing Director 
 
   Tel: +353 1 671 0411 
 
   Jeremy Dibb, Corporate Development and Investor Relations Manager 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 943 0367 
 
   Murray 
 
 
   Joe Heron / Aimee Beale 
 
 
   Tel: +353 1 498 0300 
 
 
   Mob: +353 87 690 9735 
 
 
   Buchanan 
 
   Bobby Morse / Chris Judd 
 
   Tel: +44 207 466 5000 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Kenmare Resources via Globenewswire 
 
 
  http://www.kenmareresources.com/ 
 

(END) Dow Jones Newswires

June 26, 2018 02:00 ET (06:00 GMT)

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