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30 Oct 2026 · Kenmare Resources
Mozambique extends Kenmare Moma rights to 2044 with higher royalty and option on 20% of output
Kenmare said Mozambique's Council of Ministers approved the renewal of the Moma titanium mine Implementation Agreement to 2044. The royalty on gross revenue rises from 1% to 3% for 2025-2029, 4% for 2030-2034 and 5% from 2035; Kenmare must invest at least USD 200 million and fund USD 50 million of social projects, and the state may buy up to 20% of annual output at market prices for local processing.
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