Industrial Minerals


€350m Saudi Arabian ilmenite refinery boosts Outotec profits

27 July 2012

by John Ollett

Market outlook is strong; mining companies’ CAPEX spending will remain high

Keywords: ilmenite, bentonite, Outotec, processing, Finland, Saudi Arabia, Iran

A €350m ($429.65m) ilmenite smelter, commissioned by titanium dioxide pigment producer Cristal Global, boosted Finnish processor Outotec Oyj’s second quarter results to an operating profit of €40.8m ($50.08m).

The company’s overall order intake grew 38% to €735.5m ($902.66m) for the quarter, driven by a opening order backlog and received new orders as well...