Scribd Logo
Upload

Welcome to Scribd!

  • Kenmare Resources PLC - Strategic Objectives

    Uploaded by

    Davisson M. Francisco
    45 views6 pages
    Kenmare Resources plc

    Original Title

    Kenmare Resources plc __ Strategic objectives

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Kenmare Resources plc

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    45 views6 pages

    Kenmare Resources PLC - Strategic Objectives

    Uploaded by

    Davisson M. Francisco
    Kenmare Resources plc

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    of 6
    rains2019 Kenmare Resources ple Strategic objectives KC KENMARE Q (/search) Strategic objectives Kenmare operates the Moma Mine, located on the north east coast of Mozambique. The Moma Mine contains reserves of heavy minerals that include the economic titanium minerals, ilmenite and rutile, which are used as feedstocks to produce titanium dioxide pigment, as well as the relatively high-value zirconium silicate mineral, zircon, Titanium dioxide pigment is used in paints, paper and plastic production. The primary applications for zitcon are in the manufacture of opacifiers for ceramic tile production and for refractory praducts used in the steel and foundry industries. Kenmare Resources plc is a well-established major global supplier of titanium mineral sand products, with a customer base operating in over fifteen countries. The output from the Mine consists of several grades of the titanium dioxide CTi0,) minerals, ilmenite and rutile, as well as the zirconium mineral, zircon. Kenmare’s products are key raw materials that are processed into intermediate products and ultimately consumed in everyday “quality-of-life” products such as paints, plastics and ceramic tile. View our strategy chttpsu/wwwkenmareresources com/download file/view/20/160#pagi Strategic objectives, priorities and performance Kenmare’s strategy is to create long-term shareholder value through the production and marketing of products derived from our extensive mineral resources. while maintaining a structured and disciolined aooraach to caoital tps: kenmareresources.comiabout-usistrategc-objectives 16 raisi2019 Kenmare Resources ple Strategic objectives ve KENMARE™: 2y our commitment to being a responsible coors Oye (search) 4s Growth Priorities ‘+ Our strategy is to deliver higher HMC (and therefore final praduct) volumes through: ‘higher producti 2. expanded mining 3. accessing higher grade are - moving WCP B to Pilivl in 2020, pacity - WCP B upgrade, Performance + 2018 was a year of record shipments of all finished products. ‘+ The upgrade of WCP 8 was commissioned and itis expected to be delivered at a cost more than 25% under the original budget. Itis anticipated to add an additional 130,000 tonnes of HMC production per annum. * A Definitive Feasibility Study (OFS) was completed for the development of WCP C in Namalope and the project, was approved by the Board ‘* A Pre-Feasibility Study (PFS) was completed for the move of WCP B to Pilvil Outlook ‘+ The construction of WCP C is expected to be commissioned in 2018 Itis anticipated to add an additional 150,000 tonnes of HMC production per annum, ‘+ The WCP 8 move to Pilviliis scheduled to be completed in H12 2020. Following the move, Kenmare’s production is expected to be 12 Mtpa of ilmenite from 2021 Margin Expansion Priorities ‘* Optimising the performance of existing assets is crucial to maximising margins. Kenmare’s strategy has three Points of focus: ‘L increasing throughput ~ dry mining and dredge automation: 2. raising utilisation ~ by improving mine planning processes to increase operating time; and hitpsiwuu:kenmareresources.comabout-usistrategc-objectives 26 rains2019 Kenmare Resources ple: Strategic objectives KENMARE™’” = through higher recoveries and additional product 7), h Performance (/search) + Increased dry mining capacity at WCP B Higher recoveries, particulary for zircon, at the Mineral Separation Plant (MSP). +The first production of 8 mineral sands concentrate product (containing monazite zircon and rutile) - this project vas completed on time and below budget. Outlook ‘The first dredge automation project is underway at WCP 8 and commissioning is expected in H1 2018, * Mine utilisation rates are expected to increase further in 2019, inline with Kenmare's objective of increasing utilisation to 80%, * Zircon recoveries are expected to increase further in 2019 to 81%. Shareholder Returns Priorities ‘+ Establishing a dividend is an essential part of Kenmare’s strategy to deliver shareholder value. ‘+ Maintaining a prudent level of cash and cash equivalents is a strategic priority. * A cash buffer helps to insulate the business from unexpected shocks and higher cash balances are likely to be maintained until capital development projects are completed Performance ‘+ In December 2018 shareholders approved a capital reduction process, a key step in facilitating future dividend payments. * At year end 2078, net cash was US$135 million, up from a net debt position of US$34.1 million at year end 2017, ‘At year end 2078, cash and cash equivalents increased by 41% to US$970 million, up from USS688 million at year end 2017, Outlook ‘+ Maiden dividend of USc266 announced, following H1 2019 Results, in line with Kenmare’s dividend policy + Expected higher capital returns from 2021, following the completion of development projects, * Potential for special dividends or shareholder buybacks. hitpssiwuu-kenmareresources.comlabout-usistrategc-objectives a6 rains2019 Kenmare Resources ple Strategic objectives Cinves INVESTORS Find out more about Kenmare's Investment case READ MORE > (about-us/glance) AT A GLANCE Kenmare Resources pic is an established mining company, operating the Moma Titanium Minerals Mine on the north hitpsiwuuckenmareresources.comlabout-usistrategic-objectives| 46 rains2019 Kenmare Resources ple : Strategic objectives KRENMARE Q (/search) READ MORE > Tweets by @kenmarcRes Kenmare Resources Ple @KenmareRes SKMR has retained its five star certification for the fourth consecutive year, following an external audit by the @NOSAtweets Five Star System. The system details the critical requirements for effective ‘occupational #health, #safety and #environmental management #sustainabilly Embed View on Twitter Sign up to our email alerts SUBSCRIBE (/INVESTORS/REGULATORY-NEWS/RNS-EMAIL-ALERTS) \ KENMARE 4th Floor, Styne House, Hatch Street Upper, Dublin 2, reland, Tel: 138916710411 Emait info@kermareresources.com (msikomaitoinfo@kenmareresourcescom) Sitemap ¢https:livwvkenmareresourcescom/sitemap) “Terms (https: www kenmareresources.com/terms-snd-conditions) Accessibilty (httpsi/wwkenmareresources.com/accessibility) Privacy policy Chttps:iwwkenmareresources com/privacy-oolicy) FAQs (httosi/wwrw kenmareresources.comi/investors/shareholder-information/faqs) Glossary httos dAvwwvkenmareresources comiglassary) Email alerts (httpsiinwn kenmareresources con/investorsiregulatory-news/tns-emaltalerts) Follow us fA hitpshwuu:kenmareresources.comlabout-usistrategc-objectives| 56 rains2019 Kenmare Resources ple Strategic objectives hKIENMA REedin.com/company/kenmare-

    You might also like