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Ilmenite is used to make white pigment |
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VELTA LLC is looking to take advantage of
surging prices for titanium minerals after starting up its Birzulivske ilmenite mine and processing plant in Ukraine in December.
The Dnepropetrovsk-based company is set for a pivotal year in 2012, with a plant expansion, a stock exchange listing and the final decision on a titanium slag project set to take place.
Titanium dioxide (TiO2) feedstock prices are expected to keep rising in 2012 and VELTA is set to be the first of a global pipeline of new projects to benefit.
VELTA completed the plant, located near Korobchino in Kirovograd Oblast, after eight months of construction work, investing $80m in the project over 2011.
The benefication plant will start up with an initial capacity of 185,000 tpa, but the company...