Kenmare Resources names new Non-Executive Director

Kenmare Resources names new Non-Executive Director

Titanium mining company and operator of the Moma Titanium Minerals Mine in northern Mozambique, Kenmare Resources (LON: KMR), today announced that it had appointed a new Non-Executive Director with immediate effect.

The new Non-Executive Director has been named as Dr. Elaine Dorward-King. Dr Dorward-King has over thirty years’ worth of experience in mining, chemical and engineering spaces and a PhD in Analytical Chemistry from Colorado State University.

Her past roles have included acting as Executive Vice President of Sustainability and External Relations for Newmont Goldcorp (NYSE: NEMP), holding roles such as Global Head of Health, Safety and Environment for Rio Tinto (LON: RIO) between 1992 and 2013, and Managing Director of Richards Bay Minerals.

In conjunction with her appointment to the Board, Dr. Dorward-King will also become a member of Kenmare Resources’s Sustainability Committee.

Elsewhere in mining, KEFI Minerals PLC (LON: KEFI) said it was still waiting for a go-ahead at the Tulu Kapi Gold project, while Panther Metals Plc (NEX: PALM) secured a lucrative exploration licence and Shanta Gold Limited (LON: SHG) reported an impressive third quarter.

Kenmare Resources comments

Steven McTiernan, Chairman, stated,

“I am delighted to welcome Elaine to Kenmare’s Board. Her significant leadership experience in both mineral sands and sustainability will complement the existing skillset of our Directors to ensure a strong balance of skills, experience and diversity.

Kenmare is focused on operating responsibly, with a progressive land rehabilitation programme, the majority of our power needs supplied by hydropower and no chemicals used in our mining or processing operations. We look forward to Elaine’s counsel as we strive to continually improve our environmental, social and governance performance.”

Investor notes

Following the update, the Company’s shares have dipped 0.41% or 1.00p to 244.00p per share. Analysts from Peel Hunt reiterated their ‘Buy’ stance on Kenmare Resources stock. The Group’s p/e ratio is 6.86 and their dividend yield stands at 0.85%.