Industria
Publication of 2024 Annual Report
Kenmare Resources plc
(“Kenmare” or “the Company” or “the Group”)
14 April 2025
Publication of 2024 Annual Report
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern Mozambique, today announces the publication and filing of its Annual Report for the year ended 31 December 2024.
Statement from Tom Hickey, Managing Director:
“ For year-end 2024, Kenmare is reporting for the first time in accordance with the Irish legislation implementing the European Commission's Corporate Sustainability Reporting Directive (CSRD). It has been a rigorous process to ensure our reporting covers the full scope of our environmental, social and governance performance and to integrate it as seamlessly as possible with our operational and financial reporting. It has also involved extensive collaboration between the Board, the Executive Committee, the team at Moma and our external advisors and I would like to express my thanks for their dedication to this process.
While we have previously announced our operational and financial highlights for the year, some of our sustainability highlights include exceeding our target of reducing emissions by 12% by year-end 2024, relative to our 2021 baseline, and the Kenmare Moma Development Association commencing construction of a district hospital to serve the communities living close to Moma. Our corporate purpose of 'Transforming resources into opportunity for all' will continue to guide us as we strive to create sustainable value for all stakeholders.”
Accessing Kenmare's 2024 Annual Report
The 2024 Annual Report (in ESEF-compliant and PDF formats) is available on the Company's website and can be downloaded here. It has also been submitted to Euronext Dublin and the UK National Storage Mechanism and will shortly be available for inspection at the following locations:
https://direct.euronext.com/#/oamfiling
and
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The 2024 Annual Report is also available to view directly by clicking on the link at the end of this announcement.
Paper copies are expected to be posted on 17 April 2025 to shareholders who have requested to receive them.
Sustainability reporting
Kenmare's 2024 Annual Report complies with the Irish legislation implementing the European Commission's Corporate Sustainability Reporting Directive (CSRD). It reports the Company's performance during the year against its 2024 sustainability targets and sets new targets for 2025 and medium-term targets for 2030.
The 2024 Annual Report outlines the strategy, policies, and management approach of Kenmare's longstanding and ongoing commitment to sustainability. These efforts are underpinned by the corporate values of Integrity, Commitment, Accountability, Respect and Excellence (ICARE) and Kenmare's new corporate purpose of, 'Transforming resources into opportunity for all', which was developed in 2024 through the collaboration of employees at all levels of the business.
The Company has also published its Sustainability Factbook, a Microsoft Excel spreadsheet containing key sustainability figures, which allows investors to compare Kenmare's performance more easily to that of other companies. The Sustainability Factbook is available on the Company's website at https://www.kenmareresources.com/sustainability
2024 sustainability highlights
Previously announced 2024 financial and operational highlights
Financial
Operational and corporate
Notes
For further information, please contact:
Kenmare Resources plc
Katharine Sutton
Investor Relations
ir@kenmareresources.com
Tel: +353 1 671 0411
+353 87 663 0875
Murray (PR advisor)
Paul O'Kane
pokane@murraygroup.ie
Tel: +353 1 498 0300
Mob: +353 86 609 0221
About Kenmare Resources
Kenmare Resources plc is one of the world's largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma's production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday quality-of life items such as paints, plastics, and ceramic tiles.
All monetary amounts refer to United States dollars unless otherwise indicated.
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