Kenmare Resources

Kenmare plc is one of the few mining businesses that bridges the gap between global industrial supply chains and real, community-led development. As a leading producer of titanium feedstocks and zircon, Kenmare provides the essential materials that underpin the way we build, protect and colour the modern world. These include durable paints and infrastructure coatings, as well as high-quality ceramics and industrial refractories. But it’s not just about supply. It’s about responsibility. Kenmare’s ilmenite accounts for approximately 6% of the world’s titanium feedstock production, yet the company’s impact extends far beyond its market share. Titanium dioxide, derived from Kenmare’s ilmenite and rutile, is a critical enabler of energy-efficient buildings, lightweight materials and climate-adaptive urban development. At the same time, its zircon supports the ceramic tile industry, particularly in Asia and Europe, contributing to both the functional and aesthetic evolution of homes, workspaces and public environments.

What makes Kenmare investible is how it aligns global relevance with local accountability. Operating on the north east coast of Mozambique, Kenmare employs a predominantly local workforce and invests deeply in health, education, and economic resilience. While others focus on extraction, Kenmare builds ecosystems. It trains technical talent, partners with communities, and rehabilitates land for future use. In a global minerals market often scrutinised for its social and environmental footprint, Kenmare offers a rare balance of high-volume export performance and deeply localised impact. It doesn't just mine minerals. It builds trust through transparency, long-term commitment and a belief that shared value creation is the only form of sustainable success. In 2024, Kenmare became one of the early adopters of the EU’s Corporate Sustainability Reporting Directive (CSRD). While many saw this as a compliance hurdle, Kenmare saw it as a chance to lead. But there was a real risk: that the power of their story would be buried beneath technical disclosures. CSRD’s depth, from double materiality to ESRS alignment, threatened to pull the company away from the clarity and connection it had worked hard to build.

Kenmare Resources’ 2024 Annual Report sets a new benchmark for how small-cap companies can integrate complex regulation with clarity and confidence. As one of the first in its category to adopt the Corporate Sustainability Reporting Directive (CSRD), Kenmare chose not to append compliance but to embed it within the core of its printed report. Through close collaboration between content and design teams, we introduced an intuitive CSRD Index system, visualised double materiality with a clear heat map, and redesigned the business model and value chain spreads to align with ESRS standards. Every disclosure was traceable, accessible and strategically placed without inflating the document. The result is a refined, multi-audience report that blends creativity with compliance. It has been praised by regulators, analysts and internal stakeholders alike, and has helped position Kenmare as a responsible, forward-looking small-cap with a clear purpose and a confident voice in a changing regulatory landscape.

 

View the Kenmare Resources Annual Report