6th Oct 2026 09:45
(Alliance News) - Kenmare Resources PLC on Tuesday confirmed it has received a non-binding takeover proposal by International Resources Holdings RSC Ltd.
Kenmare shares jumped 27% to 230.00 pence on Tuesday morning in London.
Addressing recent press speculation, Kenmare, which operates the Moma titanium minerals mine in Mozambique, said talks with Abu Dhabi-based IRH are ongoing, but a firm offer is not certain. The deadline for an offer is November 17.
The negotiation concerns a possible cash offer for Kenmare's entire share capital.
By Camilla Borri, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Kenmare Resources