ESG

Kenmare continues despite COVID-19 surge

177 in isolation

Staff reporter

This article is 4 years old. Images might not display.

The company earlier reported the number of positive test results had increased in December to about 25, as Mozambique saw a rise in cases and the state of national public calamity remained in place. 

Yesterday it said this number had risen to 177 in isolation, with the majority of positive cases being asymptomatic.

"The larger number of cases is limiting availability of the workforce, including senior management, at the site," the company said.

"However, the business is being managed to mitigate the impact and production has continued at normal levels."

It had initiated blanket testing of the workforce on site every two weeks and was targeting a reduction of this interval, to help identify and isolate positive cases more quickly to limit the spread of the virus.

Mozambique has recorded 63,174 positive cases and 707 deaths due to the pandemic, according to Johns Hopkins University today.

Kenmare planned to provide a further update with its 2020 preliminary results on March 24.

The company had produced 1.2 million tonnes of heavy mineral concentrate in 2020 and ended the year with US$64 million in net debt.

Its shares (LSE: KMR) dropped intraday but recovered to close up 0.5% to 402p, at the upper end of its one-year range and valuing it about £440 million (US$350 million).

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.