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Funds for Kenmare’s minsands

03 July 2009

by Alex Feytis

Irish miner makes deal to raise $16.7m for its titanium slag operation in Mozambique

Keywords: Kenmare, Mozambique, Moma, titanium slag, minsands, new funds, Africa, BHP

Kenmare Resources plc, which owns the Moma titanium slag operation in Mozambique, announced that it has entered into arrangements with its brokers Canaccord Adams, Davy and Mirabaud Securities, to raise about £10.3m. ($16.7m.).

The Irish mining company would place 54m. new ordinary shares of €0.06...








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