R4.5bn minerals beneficiation investment boost for Richards Bay

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[LISTEN] 'Construction of titanium dioxide plant set to start in Q1 next year,' NyanzaLightMetals CEO Donovan Chimhandamba. Moneyweb SAFM MarketUpdate

You can also listen to this podcast on iono.fm here.

That being said, Donovan, this was effectively sort of phase one out of the way getting to this point. What are we looking at in terms of the next phases? Is there a timeline to going live and starting, and construction, and that sort of thing? You mentioned a couple of other pieces still needing to be put in place. What are the next steps here?

I’ll give you a very simple example that we sometimes use. If you look at Africa, including South Africa, we probably have more than 45% of the world’s ilmenite, which is basically the raw mineral ore that contains titanium dioxide. That’s traded from the continent at prices as low as $300 a tonne. Then we export that; it goes to Europe, Asia, and other countries where they have these advanced chemical plants.

 

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