Mozambique: Kenmare Resources Receives Capital Injection

London — The Irish company Kenmare Resources, which mines ilmenite, rutile and zircon from the heavy mineral sands in the northern Mozambican district of Moma, has announced that it has raised almost 106 million US dollars to pay off short term debts.

In an official announcement, the company stated that it has issued new shares representing slightly less than ten per cent of its existing stock.

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