LE BRIEF

Mozambique: Kenmare secures approval to extend Moma industrial rights until 2044

LE BRIEF • 2026-11-02

The approved framework includes higher royalties, at least $200 million in investment and $50 million for social projects. Further formalities remain; these rights are distinct from mining licences.

Original source : Original source

LE BRIEF — Monday, 2 November 2026, consolidated weekend edition By the LE BRIEF newsroom Country : Mozambique Source publication : 30 October 2026 Event : Approval on 13 October; official notification received on 29 October 2026 Supplied photograph: aerial view of a mineral processing complex. Illustration for the Moma story; the date and precise identification of the facilities remain to be confirmed. Provenance and reproduction rights must be validated before commercial use. Kenmare Resources has announced that Mozambique's government approved the extension until 2044 of the principal rights and concessions governing the processing and export activities of its subsidiary operating at Moma. The decision provides additional regulatory visibility for one of the world's leading titanium mineral producers. Moma, in northern Mozambique, produces ilmenite, rutile and zircon. These raw materials are used to manufacture pigments, paints, plastics, ceramics and other industrial products. Higher royalties and investment commitments Approval includes changes to the economic regime applying to the company. Royalties on gross revenue are to rise from the current 1% to 3% for 2025–2029, then 4% for 2030–2034 and 5% for 2035–2044. Kenmare undertakes to invest at least $200 million in plant, machinery and infrastructure over the extension period. A $50 million programme for social and comm...