Rio Tinto released its Q1 production report with titanium slag production 12% lower than Q1 2017 due to a roaster failure at Richards Bay Minerals (RBM) resulting in a force majeure declaration, as well as the
Kenmare Resources released its Q1 2018 trading update with a decrease in HMC production of 12%. Ilmenite production decreased by 18% to 211,000 tonnes (Q1 2017: 256,500 tonnes). Zircon production decreased by 9% to 16,900 tonnes
Savannah Resources announced that it has raised approximately £1.52 million cash through the subscription by both new and existing investors. The company has received letters of intent for a further £0.58 million giving gross proceeds of £2.1 million.
MZI Resources announced a new funding package provided by major shareholder Resource Capital Fund (RCF) with an additional US$10 million under the existing arrangement to meet the company’s short-term working capital requirements. RCF has agreed to
Lomon Billions announced its intention to purchase Sichuan Anning Iron and Titanium Co., Ltd., an ilmenite and iron concentrate producer in Panzhihua China. Anning produces approximately 480,000 tonnes of ilmenite and 2.3 tonnes of iron ore