Kinetic Development Group Limited has announced that its indirect wholly-owned subsidiary, Kinetic Development Metal Mining (SL) Limited, has entered into a cooperation agreement with Minenet Company Limited for a rutile mining project in Rotifunk, Moyamba District, Sierra Leone. Under the agreement, Metal Mining will invest in and operate mining activities within a 50 square kilometre area of Minenet's large-scale rutile mining licence, which is valid until February 2049. The first phase of the project will involve the construction of three production lines, each with an annual processing capacity of over 2 million tonnes of raw ore, with total investment estimated at approximately USD 18 million. The project aims for an annual production capacity of about 280,000 tonnes of mineral products.

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