Open/Close Mobile Menu Open/Close Mobile Menu

MRC anticipates higher mineral sands production following garnet plant financing

By Kasia Patel
Published: Tuesday, 02 February 2016

While production of ilmenite and zircon was below target in the final quarter of 2015, the financing of MRC's new garnet stripping plant is expected to increase all product recoveries from early June 2016.

ASX-listed Mineral Commodities Ltd (MRC) has secured a $4.5m loan facility via its subsidiary, Mineral Sands Resources Pty Ltd, for the completion of a garnet stripping plant at its Tormin mineral sands project in South Africa.

The loan from MRC’s offtake partner, GMA Group, will enable the garnet stripping...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: