Funding managing director, Michael Carvill and Abu Dhabi-based private equity firm Oryx Global Partners Limited are weighing making a fresh takeover offer for the business
Kenmare Resources, the Dublin-listed titanium minerals miner, has committed to providing additional disclosures in its financial statements to appease the accounting watchdog.
It comes at a time when the company’s founding managing director, Michael Carvill, and Abu Dhabi-based private equity firm Oryx Global Partners Limited are weighing making a fresh takeover offer for the business, after Kenmare disclosed earlier this month that it had spurned a $473 million (€565 million) bid from them. The Irish Auditing & Accounting Supervisory Authority (Iaasa) said on Tuesday that following an inspection by its officials of Kenmare’s 2023 annual financial statement, the company has agreed voluntarily to provide additional disclosures in future to back up an asseassertiont it has an automatic right to extend its mining licence contract (MLC) on its key Moma mine in Mozambique out to 40 years.