Australian mineral sands developer Sheffield Resources said on Wednesday it will receive a $69 million loan from Australia's northern infrastructure fund to help develop its Thunderbird project.
Zircon Mining News
ERAMET said the offer would enable the full consolidation of the TiZir joint venture.
Iluka Resources has appointed James Hutchison Ranck and Greg Martin as non-executive directors to its board.
Consumption of zircon rebounded strongly in 2010, reaching 1.33Mt, following an 18% fall in 2009 because of the global economic downturn. Growth over the last decade has come mainly from the ceramics and chemical sectors, growing by 4.1% per year and 7.5%py respectively compared to overall market growth of 2.6%py.
Major global mineral sands producer, Iluka Resources returned to profit in 2010, primed by a dynamic transformation in the December half year. Iluka Ltd (ASX: ILU) reported a profit for the year of A$36.1 million (US$36.53 million) aided by higher zircon