Kenmare Resources is laying off 15 per cent of staff working at its key Moma mine in Mozambique and suspending its final dividend as its gross profit plunged 79 per cent amid a slump in shipments and prices of its titanium minerals. “In light of the challenging market conditions, we have had to make some difficult but responsible decisions, including retrenching 15 per cent of our Moma employees and suspending the 2025 final dividend,” Hickey. Gross profit slid to $18.4 million from $95.4 million. Hickey said that Kenmare is now “in constructive negotiations and both sides appreciate the importance of a near-term resolution”. Kenmare shares were down more than 9 per cent in London afternoon trading.

Source: The Irish Times March 25, 2026 16:41 UTC