165,000 tonnes of ilmenite concentrate shipped to Chinese buyers

The first half of 2017 will mark a significant milestone for Mineral Commodities, as they shipment over 165,000 tonnes of ilmenite concentrate to Chinese buyers.

 

The first shipment of 55,000 wet metric tonnes of ilmenite concentrate was shipped via the MV Porthos, which departed Saldanha Port, South Africa on 26th February 2017 and was received in China in March 2017.

The second shipment of 55,000 wet metric tonnes ilmenite concentrate was shipped via the MV Athos, which departed Saldanha Port, South Africa on 15th April 2017 and is expected to arrive in China May 2017.

A third shipment of an estimated 55,000 wet metric tonnes of ilmenite concentrate commenced loading on the MV Zhou Shan Hai in Saldana Port on 30th April 2017, and is expected to sail in early May 2017 for arrival in China end of May / early June 2017.

Environmental and economic costs of producing sulphate ilmenite have led to China to continually reduce domestic production, a factor which has contributed to the overall tightening of global ilmenite supply.

Mineral Commodities Ltd are currently experiencing strong demand for its ilmenite concentrate, as high growth in several end user industries in the emerging economies of India and China are expected to continue to drive market growth in the Asia Pacific region.

The Company is currently producing circa 20,000 tonnes of ilmenite concentrate each month from its Tormin Operations, located in the Northern Cape of South Africa, and is expecting in excess of 200,000 tonnes of ilmenite concentrate to be sold in 2017.




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