Mineral Commodities Ltd (MRC) is a global exploration and mining company with a primary focus on the development of high-grade mineral deposits within the industrial minerals, base metals, bulk commodities, gold and precious metals resource sectors. The Company embraces the principles which ensure its development and mining operations are undertaken in a socially and environmentally responsible standard cognisant and consistent with industry best practice and the safety and well-being of its employees and all interested and affected stakeholders.
The Company, via its 50% owned South African subsidiary Mineral Sands Resources (Pty) Ltd (“MSR”), is a leading producer of zircon, rutile, garnet and ilmenite concentrates through its globally highest-grade Mineral Sands Operation at Tormin, located on the west coast of South Africa. Tormin supplies circa 25% of the world’s demand for garnet sands, 2% of the world’s zircon demand and is one of the top ten independent titanium feedstock suppliers.
MRC, via its 56% owned South African subsidiary Transworld Energy and Minerals (SA) (Pty) Ltd (“TEM”), also holds the prospecting rights for the world class, large-scale Xolobeni Mineral Sands Project, located on the east coast of South Africa. Xolobeni contains a Measured, Indicated and Inferred Resource of 346 million tonnes at 5% total heavy minerals, making it one of the largest undeveloped, high-grade mineral sands deposits in the world.
The Company’s recent 51% acquisition, with an option to acquire 90%, of the high-grade Munglinup Graphite Project located near Esperance in Western Australia, is consistent with MRC’s strategy to capitalise on the fast growing sustainable renewable energy storage and electric vehicle revolution as well as downstream vertically integrated value-adding. The Company is confident that the Munglinup Graphite Project will be successfully developed by the December 2019 quarter.
The Company has secured first-mover advantage in Iran, considered the most prospective, underdeveloped mineral resource country in the world. Joint ventures have been entered into or are near negotiation conclusion for a number of highly attractive brownfields projects and operating assets in gold, copper/gold, potash/lithium and cobalt/nickel.
The Company has also recently entered into agreements and applied for exploration licences over a number of prospective tenements in Western Australia, targeting vanadium, lithium, channel iron ore and gold/copper.
MRC’s mining operations and projects inherently maintain regularity compliance with an aim to minimise environmental impacts while simultaneously enhancing both the economic and social benefits in the local communities in which it operates.
MRC is proud of the diversity of its global workforce of 280 employees, and the culture of safety and community it has fostered. The team is committed to safe and sustainable business practices which bring value to its shareholders, customers, employees, and result in a social dividend to local communities.