Operations continuing at Kenmare mine despite Mozambique unrest

(Sharecast News) - Titanium minerals and zircon-focused miner Kenmare Resources has reassured investors that operations at its Moma project in Mozambique are continuing as normal despite civil unrest spreading across the country. Kenmare said that there have been "no material incidents" and no damage to facilities at the Moma Titanium Minerals Mine on Mozambique's north-east coast.

"Operations at Moma are continuing and the company has comfortably exceeded minimum production guidance in respect of all products for 2024," Kenmare said in a statement on Friday.

Rioting and violence erupted on 23 December after the country's constitutional council confirmed that the ruling Fremilo party had won the heavily disputed presidential elections on 9 October.

Kenmare said it is continuing to regularly monitor developments to ensure the safety of its staff and host communities.

"Increased security measures have been put in place to safeguard the mine site and surrounding villages and to enable Kenmare's activities to continue safely and with minimal disruption," the mining group said.