MRC anticipates higher mineral sands production following garnet plant financing
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...