Kenmare Resources, the Irish-registered company that mines heavy mineral sands in Mozambique, has definitively rejected the takeover bid by a consortium formed by investment firm Oryx Global Partners Limited and former Kenmare head Michael Carvill, claiming the offer was too low.
Miner Kenmare definitively rejects takeover bid
The rejection comes as Kenmare is trying to reach an agreement with the Mozambican government on the terms to extend its production agreement
