as lse kmr iseq jev industry mining founded 1985 headquarters dublin republic of ireland key people charles carvill chairman michael carvill managing director revenue 137.9 million 2013 1 operating income 4.7 million 2013 1 net income 44.1 million 2013 1 website www.kenmareresources.com kenmare resources plc is a mining company based in the republic of ireland . it is listed on the irish stock exchange and the london stock exchange . contents 1 history 2 operations 3 references 4 external links history edit the company was founded by charles and michael carvill in 1986 to exploit mineral wealth in mozambique . 2 a tailings dam from mineral processing failed on 8 october 2010 destroying a nearby native village and leaving one 4 year old child missing ; mining resumed the following month after some 300 homes had been rebuilt . 3 operations edit the company s principal asset is the moma mineral sands mine formally known as the moma titanium minerals mine located in moma nampula province mozambique . it has been in production since late 2007 . 4 the mine produces 7 % of the world s ilmenite the main source of titanium metal and titanium dioxide used as a white pigment in paint . it also produces 4 % of the world s zircon a source of zirconium metal . 4 by 2016 the mine had fallen into financial crisis due to a worldwide drop in mineral prices flooding in northern mozambique and power outages in the moma district region . 5 prices for titanium fell by about a third between 2012 and 2015 6 and floods that caused power outages impacted the company s production . 7 the mine suspended operations in june 2015 in the face of industrial action by employees unhappy about the company s cost cutting measures . successful negotiation between the union the company and the ministry of labour had resulted in agreement on somewhat less drastic measures involving fewer layoffs than originally announced . the industrial action was not organized by the union . 8 operations resumed in early july . 9 references edit a b c preliminary results 2013 chairman s statement questor share tip mozambique incident upsets kenmare resources daily telegraph 12 october 2010 a b kenmare resources 180m fundraising for expansion to exploit anticipated tightness in titanium proactive investors 17 march 2010 kenmare em crise financeira kenmare in financial crisis . o pa s in portuguese . maputo mozambique s imprensa . 2016 02 05 . retrieved 2016 02 07 . charlie taylor 24 june 2014 . production suspended at kenmare s moma mine . irish times . retrieved june 5 2016 . megan van wyngaardt april 30 2015 . floods power outages curb moma output . mining weekly . retrieved june 5 2016 . moma ops halted amid strike . mining weekly . june 24 2015 . retrieved june 5 2016 . megan van wyngaardt . operations resume at kenmare s moma mine . mining weekly . retrieved june 5 2016 . external links edit official site v t e iseq 20 companies of ireland aryzta bank of ireland crh c & c group dalata hotel group fbd holdings fyffes glanbia green reit hibernia reit irish continental group irish residential properties reit kerry group kingspan group origin enterprises paddy power betfair permanent tsb ryanair smurfit kappa total produce this irish company article is a stub . you can help wikipedia by expanding it . v t e this mozambique related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title kenmare resources & oldid 723735089 categories companies of the republic of irelandcompanies of mozambiquetitaniumirish company stubsmozambique stubshidden categories cs1 portuguese language sources pt all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 4 june 2016 at 22 13 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view