Board Update
Kenmare Resources plc ("Kenmare" or "the Company")
26 June 2018
Board Update
Kenmare Resources plc is pleased to announce that Mr Clever Fonseca has agreed to join the Company`s Board as an independent Non-Executive Director, effective 1 July 2018. Mr Fonseca has worked in the titanium industry for over thirty five years and has extensive knowledge and board-level management experience of mineral sands mining.
Mr Fonseca has experience of working in the titanium pigment and feedstock industries. He was responsible for developing Brazil`s only dredge-mined mineral sands operation, was Vice President of Global Supply and Mining for Millennium Inorganic Chemicals (now Cristal Global) in the US, and also served as Executive Director of Mineral Deposits Limited in Melbourne. Most recently, he was Chief Executive of TiZir Limited, where he was responsible both for the development of the Grand Côte mineral sands mine in Senegal, and its integration with the TTI smelter at Tyssedal, to form TiZir. He retired from TiZir in 2012.
He has a BSc in Mining Engineering from Universidade Federal De Pernambuco, and an MBA from Fundacao Getulio Vargas, both in Brazil.
The appointment of Mr Fonseca is consistent with the Board`s aim of continually improving governance, by ensuring the highest levels of relevant industry skills and experience are reflected in the Company`s set of independent Non-Executive Directors.
Coincident with Mr Fonseca`s appointment, to maintain the same number of Directors on the Board and to further increase the ratio of Non-Executive Directors to Executive Directors, Terry Fitzpatrick who has served with great distinction and loyalty for many years as Executive Technical Director, retires as from 1 July from the Company`s Board, but will take up a position as director on the boards of subsidiary operating companies.
Commenting on the annoucement, Steven McTiernan, Chairman of Kenmare said:
"I am delighted that Clever has agreed to serve on the Kenmare Board. We expect to benefit hugely from his independent industry insights, exposure to diverse mineral sands projects globally, and extensive operations experience. These qualities will be invaluable as we consider mine development options and other strategic decisions in the years ahead.
I would also like to sincerely thank Terry for his immense and unstinting contribution to the Board over many years and look forward to his continuing executive contribution to the company in the future."
There are no matters in respect of Mr. Fonseca requiring disclosure under UK Listing Rules 9.6.13(1) to 9.6.13(6) inclusive.
For further information, please contact:
Kenmare Resources plc
Michael Carvill, Managing Director
Tel: +353 1 671 0411
Jeremy Dibb, Corporate Development and Investor Relations Manager
Tel: +353 1 671 0411
Mob: + 353 87 943 0367
Murray
Joe Heron / Aimee Beale
Tel: +353 1 498 0300
Mob: +353 87 690 9735
Buchanan
Bobby Morse / Chris Judd
Tel: +44 207 466 5000
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kenmare Resources via GlobeNewswire
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