Kenmare Resources, the developers of Moma Titanium Minerals Mine have expressed concern on the government’s intention to unilaterally seek to impose updated terms on Kenmare’s processing and export activities.
Moma Titanium Minerals Mine in the northern part of the country is one of the leading global producers of titanium minerals and zircon,
“Kenmare’s Implementation Agreement is foundational to Moma’s long-term success. We are very concerned by the Mozambique Tax Authority’s recent attempt to impose terms that have not been mutually agreed with Kenmare.
“This action contrasts with the outcome of a meeting with various Ministers and other Government representatives last month where it was agreed we would work together to conclude negotiations by 20th March,” said Tom Hickey, Kenmare Resource’s Managing Director.
Hickey said the company is seeking urgent clarification from the government.
“Our April 2025 proposal to the Mozambique government included several concessions significantly beyond our contractual entitlements, reflecting our commitment to an equitable distribution of value from Moma and substantial ongoing investment in our operations and in Moma’s host communities.”
He said the company remains in negotiations with the government and are hopeful of a positive outcome for both sides in the near term.
“After almost four decades of deeply collaborative partnership with local communities and the government of Mozambique, we would be disappointed to have to resort to arbitration to assert our contractual rights, however, we may be compelled to do so if we can’t reach a timely agreement.”
The Implementation Agreement (IA) grants certain rights and concessions to Kenmare Moma Processing (Mauritius) Limited (KMPL) in connection with its processing and export activities.
In addition, it also contains unambiguous renewal rights in relation to those rights and concessions on the same terms.
Meanwhile mining operations at Moma are conducted under a separate regulatory framework that is not impacted in any way by the IA process.
