Kenmare Resources (KMR) Mining Forum Americas 2026 summary

Strategic operations and asset overview

• Moma Titanium Mineral Sands mine in Mozambique has over 100 years of mine life, supplying about 6% of global titanium dioxide, and is one of the world's largest titanium mineral deposits.

• Over $1.5 billion has been invested in the asset, with a recent $300 million upgrade completed for long-term operations and shareholder distributions exceeding $300 million since 2019.

• The mine is deeply integrated with the local community, contributing significantly through taxes, royalties, and social investments, and is recognized in the FTSE4Good Index.

• 98% of the workforce is Mozambican, with strong upskilling and community development initiatives, and industry-leading safety performance (AIFR 0.54 in H1).

• The operation uses dredge mining with floating concentrators and has returned over $300 million to shareholders in the last five years.

Sustainability, environmental, and community impact

• The mine operates with low environmental impact, using 90% hydro-generated electricity, high water reuse, and progressive land rehabilitation, returning mined areas to agriculture.

• Waste and water are recycled, and the operation is contained within the mine footprint, supporting sustainable economic, physical, and social practices.

• The local community has grown significantly, with economic development driven by the mine and its development association.

• Recognized as Mozambique's most transparent extractive company for five consecutive years.

• Over $25 million invested in community initiatives since 2019.

Operational performance and project updates

• H1 2026 saw reduced heavy mineral concentrate and finished product output due to lower ore grades and WCP A commissioning issues.

• Shipments increased 14% YoY, aided by inventory drawdown and consistent transshipment.

• WCP A upgrade completed major construction; dredge performance issues are being addressed, with improvements expected in H2.

• Selective Mining Operations (SMO) expansion underway, with SMO 2 commissioning in Q4 2026 and further phases planned for 2027.

• Total cash operating costs decreased ~12% YoY, driven by lower labor, overhead, and energy costs.