TOR Minerals International, producer of synthetic titanium dioxide and color pigments, specialty aluminas, and other high performance mineral fillers, today announced that it has received a purchase order from a major international chemical customer to supply synthetic rutile titanium dioxide feedstock in an aggregate amount of $11 million. The Company expects to ship and recognize revenue for the entire transaction late during the second quarter of 2012.
BHP Billiton is looking to focus on its core business areas and is going to abandon titanium mining. The Australian mining giant is selling its 37% stake in the South African titanium producer, Richards Bay Minerals. There have also been confirmed reports of cut backs that the mining giant has made in nickel ore production as well.
Iluka Resources is to resume mining operations at its Eneabba project located in the Mid West of Western Australia. The project was halted in 2010 due to low grades of ore and lower margins. Mining is likely to resume by end of the year at the project. The company will also restart its synthetic rutile kiln 3 for a commercial campaign.
South African Mining Minister Susan Shabangu has revoked the mining rights for a Wild Coast dune mining venture. The move was expedited due to strong opposition from the local community ably backed by environmental and tourism groups.
Argex Mining Inc. (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has engaged GENIVAR Inc. (TSX: GNV) (GENIVAR),one of the largest engineering firms in Canada, to complete an environmental assessment for the proposed mining site to be located on the La Blache property.
Argex Mining Inc. (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has engaged BBA Inc., one of Canada's leading firms of independent engineering professionals in the mining and metals sector, to complete a scoping study compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects for the La Blache property.
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) today announced the start of a 10,000 metre diamond drilling program on the Corporation's wholly owned La Blache Iron-Titanium-Vanadium Property.
Kenmare Resources announced that its Moma project mineral concentrate output had increased by 8% in the second half of last year as compared to the first half.
The multinational mining giant Rio Tinto has seen record iron ore production in the last quarter of 2010. There was a 6% increase in the quarterly production in the final quarter of the year despite the troubles with Iron Ore Company of Canada.
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) has reported new Iron, Titanium and Vanadium assay results from recently discovered massive and disseminated magnetite-ilmenite lenses found during the summer-fall 2010 exploration program on the Company's wholly-owned La Blache Iron-Titanium-Vanadium Property.
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