Kenmare Resources has signed a mineral licence agreement covering the Moma Titanium project with the Mozambican government. Under the agreement, Kenmare said it has the right to mine titanium minerals "on terms that support the rapid development of the project".
It covers an initial period of 25 years of mining and grants Kenmare rights over a total of 100,518 hectares. The initial mining area amounts to 15,240 hectares.
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