Mozambique renews Kenmare titanium mine concession until 2044
The Council of Ministers approved the extension for the Moma mine, which supplies 6% of global titanium feedstocks.
Mozambique's Council of Ministers approved the extension of rights and concessions for Kenmare Resources' Moma heavy mineral sands mine in Nampula province until 2044. The approval, granted on October 13 and officially notified on October 29, includes changes to the tax, commercial, and investment regimes.
The Moma mine, operated by Kenmare since 2007, accounts for approximately 6% of the world's titanium feedstocks, supplying industries such as paint and plastics in over 15 countries. Managing director Tom Hickey stated the changes aim for a balance between Kenmare's interests and a greater contribution to Mozambique.
Royalties on gross revenues will increase progressively from 1% to 5% by 2044. Kenmare Resources had been negotiating the renewal since its initial 20-year authorization expired in December 2024, having previously threatened international arbitration over fiscal terms.
Why it mattersMozambican government approval of the Moma mine's concession renewal until 2044 affects the country's mining sector and its contribution to global titanium supply.