Kenmare advances capital restructuring

The share price of LSE-listed mineral sands producer Kenmare Resources surged on Monday as the company announced it was making progress with its capital restructuring. As part of Kenmare’s aim to raise $275-million to $368-million in equity to reduce its debt, it has entered into a cornerstone subscription agreement with SGRF – a sovereign wealth fund of the Sultanate of Oman – for $100-million.