Kenmare Resources PLC
10 November 2004
Kenmare Resources plc ('Kenmare' or 'the Company')
Gilchrist joins Kenmare Resources plc
as Chief Operations Officer
Kenmare Resources plc, the Irish and London quoted mining company, is pleased to
announce the appointment of Chris Gilchrist as Chief Operations Officer. Work
has begun on Kenmare's Moma Titanium Minerals Project in north-eastern
Mozambique which will produce 650,000 tonnes of titanium minerals and 60,000
tonnes of zircon annually.
Dr Gilchrist has over 25 years' experience in the mining sector. He joins
Kenmare from Cleveland Potash Limited where he was General Manager. He has
worked in a number of management and research roles in his career with DeBeers,
Gold Fields of South Africa and the South African Chamber of Mines. He holds a
BSc in Minerals Engineering and a PhD in Mechanical Engineering and has
extensive experience of working in Africa. Dr Gilchrist will be based in Dublin
for Kenmare.
'Chris's appointment marks an important advance in Kenmare's preparations for
the commencement of production from Moma. We are delighted that he is joining
us,' said Michael Carvill, Managing Director of Kenmare Resources. 'His
extensive experience will help guide the construction of the mine to a
successful conclusion and will have an important role in the establishment of an
operations team and the efficient operation of the project afterwards. Further,
his appointment strengthens the Kenmare team in developing new opportunities for
the company.'
Titanium minerals are most commonly consumed in the manufacture of white
titanium dioxide pigment, which is in turn used in paint, plastics and paper
industries. Other applications include titanium metal, which is very light,
corrosive resistant and strong, and is used in demanding applications where
these properties are valuable such as aircraft. With an improved global economy
and increased pigment demand, a deficit of titanium minerals is predicted in the
coming years. Additionally the tight market for zircon is putting significant
upward pressure on pricing. First production is expected from Moma in the second
half of 2006.
For further information:
Kenmare Resources plc.
Michael Carvill
Managing Director
Tel: +353-1-671 0411, Mob. +353-87 674 0110
Murray Consultants
Jim Milton / Elizabeth Headon
Tel: +353-1-498 0300 Mob: +353 87 989 7234
Conduit PR Ltd
Leesa Peters
Tel: + 44 207 618 8708 Mob: + 44 781 215 9885
www.kenmareresources.com
10 November, 2004
This information is provided by RNS
The company news service from the London Stock Exchange
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