MZI reports lower mineral sands sales, expects stronger 2017

By Kasia Patel
Published: Thursday, 19 January 2017

Although revenue from sales declined in the December quarter, MZI expects demand for leucoxene and other high grade TiO2 feedstocks to grow as the pigment market continues to strengthen. Its outlook for zircon is not as positive though, as the market waits for a rebound in building and construction.

ASX-listed mineral sands produced MZI Resources reported negative cash flows from its Australian Keysbrook operations for the fourth quarter of 2016, as cash from sales fell sequentially.

Sales revenue booked in Q4 totalled $7m, with cash received from sales totalling $7.5m. This compares with Q3 sales revenue of $6.8m and cash...

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