Browsing: Absa

Extractives An aerial view of Kenmare's Moma mine. Photo: Kenmare Resources
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Irish miner Kenmare Resources is reportedly facing a new dispute with locals near its Moma sand mine in northern Mozambique, which could delay expansion of project just as the market for titanium feedstock is beginning to recover.

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Extractives The Moma heavy sands mine. Photo via www.kenmareresources.com
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Kenmare Resources, the owner of the Moma heavy sands mine in northern Mozambique, has hit its fundraising target of $275 million – allowing it to proceed with a capital restructure and to offer more shares in the company on the open market. [...]

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Extractives The Moma project at night. Photo: Kenmare Resources
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Kenmare Resources, the Irish owner of the Moma heavy sands mine on the coast of Mozambique’s Nampula province, is close to completing a restructure of its capital and debt after its lenders and three of its biggest shareholders approved the plan. [...]

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Extractives The Moma heavy sands mine. Photo via www.kenmareresources.com
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Ireland-based Kenmare says lenders have not taken action after the Moma mine owner missed a 31 January deadline to restructure the company Kenmare Resources, owner of the Moma heavy sands mine on the coast of Mozambique’s Nampula province, today technically defaulted on the loans [...]

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