Kenmare Moma Update

Kenmare Resources (LSE: KMR, ISE: KMR) announces that it has temporarily repatriated the South African members of its workforce at the Moma Mine, as a precautionary measure, due to unrest regarding foreign workers in South Africa which has recently created reciprocal unrest concerning South Africans working in Mozambique. Out of a total workforce of 1,391 at the Moma Mine, some 62 people are South African.

 

The Governments of Mozambique and South Africa are working to settle the unrest, with no suggestion that these workers will not be allowed to return. The Company expects the operation to continue without significant disruption if the situation can be resolved in the near future. 

 

Kenmare will provide further updates as the situation develops.

 

 

For further information, please contact:

 

Kenmare Resources plc

Michael Carvill, Managing Director

Tel: [phone]

Mob: + 353 87 674 0110

 

Tony McCluskey, Financial Director

Tel: [phone]

Mob: + 353 87 674 0346

 

Jeremy Dibb, Corporate Development and Investor Relations Manager

Tel: [phone]

Mob: + 353 87 943 0367

 

Murray Consultants

Joe Heron  

Tel: [phone]

Mob: [phone]

 

Buchanan

Bobby Morse / Gordon Poole

Tel: [phone]

 

 

The Directors of Kenmare accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise. The distribution of this announcement in jurisdictions outside Ireland or the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction. 

 

A person interested in 1% or more of any class of relevant securities of Kenmare or Iluka may have disclosure obligations under Rule 8.3 of the Irish Takeover Rules, effective from 26 June 2014, the date of the commencement of the offer period for Kenmare under the Irish Takeover Rules.

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Source: Kenmare Resources via Globenewswire

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