Mozambique Mining Industry: Note of Kenmare Resources Annual General Meeting

From Kenmare Resources plc (“the Company”): At the Annual General Meeting of Kenmare Resources plc held today at The Westbury Hotel, Grafton Street, Dublin 2, Ireland, all of the resolutions considered and voted upon by the shareholders were approved on a show  of hands. The full text of each resolution was included in the notice of the meeting circulated to shareholders on 30 April 2014. In accordance with the Listing Rule 9.6.2 R, copies of the resolutions passed at the Annual General Meeting have been forwarded to the National Storage Mechanism and will be available for viewing at http://www.hemscott.com/nsm.do. 

Michael Carvill, Managing Director, commented: “We are pleased at ongoing solid progress being made at Moma. Arrival of the generator sets which were ordered in April remains on schedule and they are expected to reach site in July. Market conditions have not yet recovered, with prices continuing to persist at what we believe are, for the sector, unsustainably low levels. This in turn is continuing to weigh on market sentiment towards Kenmare. In line with our previously stated strategy, management is reviewing and cutting costs where possible, working continually to maintain reasonable margins and to position Kenmare for the upturn. We thank our shareholders for their continuing support.”

For further information, please contact: 

Kenmare Resources plc
Chatham House, Chatham St, Dublin 2, Ireland. Tel: +353 1 671 0411 Fax: +353 1 671 0810
Rua de Chuindi No.67, Maputo, Mozambique. Tel: +258 21 499 701 Fax: +258 21 499 731
Website: http://www.kenmareresources.com Email: info@kenmareresources.com