Video News: Imerys Al Zayani Fused Minerals receives financial support for Bahrain white fused alumina
Published: Monday, 13 October 2014
RHI halts acquisition of magnesite mine in Turkey; Sharp increase in barite prices due to Indian delayed tender and increased royalties
On this week's IMTV, Imerys subsidiary, Imerys Al Zayani Fused
Minerals, signs an agreement with business development group
Tamkeen to support the companys white fused alumina (WFA)
business in Bahrain. The joint venture was consolidated in
Bahrain in 2012 and Imerys said that the WFA plant started
production in July 2014.
manufacturer RHI AG has announced it will not pursue the
acquisition of rights to mine magnesite in Erzurum in Turkey.
The company said that it halted the purchase after the
contractual conditions required by its Turkish subsidiary,
Magnesit Anonim Sirketi, were not met following the contract
agreement signed with Cihan Group in April.
have anticipated a sharp increase in barite prices when India
government issues a delayed tender to mine and market the
mineral the oilfield mineral. Meanwhile, the Indian government
has increased royalties for all domestically produced major
minerals, with the tax on barite now standing at 6.5%.
And finally, TiO2 markets are facing increasing
pressure from falling prices and competitor materials as well
as rising environmental costs, according to industry speakers
who spoke to IM at the World Summit in