Kenmare runs into problems with the Mozambique government on Moma extension
1 Articles
1 Articles
Kenmare runs into problems with the Mozambique government on Moma extension
Heavy mineral sands producer Kenmare Resources is in discussions with the Government of Mozambique over “certain modifications” to the agreement to extend the mine’s operations into the Nataka mining zone. Nataka contains about 70% of the 9-billion-ton mineral resource at Kenmare’s Moma mine and will keep the operation going for at least another 20 years or more. The estimated capital cost of the transition to the new mining zone is $341m. Kenma…
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