Kenmare Resources - re-rating due soon?

21 September 2005 "Chairman's Statement"

"Negotiations are ongoing with a number of customers for the balance of Moma's ilmenite production. Demand for zircon continues to be very strong and prices have increased to circa US$700 per metric tonne for premium grade. This compares to our financing which was based on approximately US$500 per metric tonne."

25 July 2005 "Construction Ahead of Schedule"

"The board of Kenmare is also pleased to announce the signing of vanother 5 year marketing contract with a major consumer for anticipated production from its Moma Project in Mozambique. While full details of this latest contract cannot be disclosed, the pricing structure is comfortably above levels anticipated in Kenmare's financing plan."