Update on Moma

Kenmare Resources PLC
26 March 2003

               Kenmare Resources plc ('Kenmare' or 'the Company')

            Kenmare receives Environmental Licence for Moma Project



Kenmare Resources plc, the natural resources exploration and mining group,
announces that it has been granted an Environmental Licence for the Moma
Titanium Mineral Sands Project in Mozambique, the last major environmental
requirement to proceed to the mine's construction phase.


The Licence approval by the Department of the Environment in Mozambique comes
after an extensive review process and consultation with the public and
stakeholders, whose input was incorporated into the final recommendations.


An Environmental Management Plan for the project has been prepared to World Bank
Standards and Kenmare is working closely with the Government of Mozambique and
the local communities at the project area to ensure the development of the Moma
mine will meet these high environmental standards.


The Moma project will benefit the economy of Mozambique through the creation of
both direct and indirect employment, by generating significant export revenues
for Mozambique, by improving infrastructure, including transportation,
electrification and communications and by providing better health and education
services to the local community.


Michael Carvill, Managing Director, said: 'Kenmare is delighted to be granted
the Environmental Licence for the project. It is the culmination of an extensive
process engaged in by many parties and is a testimony to the support and
assistance we have received from the Government of Mozambique.'


For more information :

Kenmare Resources plc

Michael Carvill, Managing Director

Tel: + 353 1 671 0411

Mob: + 353 87 674 0110


Binns & Co PR Ltd

Paul McManus

Tel: + 44 20 7786 9600

Mob: + 44 7980 541 893


Judith Parry

Tel: + 44 113 242 1171

Murray Consultants

Tom Byrne

Tel:      + 353 1 498 0339


www.kenmareresources.com

26th March 2003



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