Kenmare Resources to return more than $50m to shareholders after record year

The Dublin-headquartered mining company reported double-digit growth in sales and profits

Kenmare Resources managing director Michael Carvill. Picture: Fergal Phillips

Kenmare Resources, the Irish mining company, will pay out more than $50 million in dividends to shareholders for 2022 after posting record profits last year.

The Dublin-headquartered mining company said it had enjoyed a record financial year in 2022 driven by soaring global demand and record prices for titanium minerals and zircon, the key minerals it produces from its Moma mine in Mozambique.

As a result of these tailwinds, Kenmare reported a 54 per cent ...