World Titanium Resources (ASX: WTR) has streamlined its board of directors to meet the challenges presented by the next stage of its Ranobe mineral sands project in Madagascar.
Chairman Wayne Malouf and non-executive directors Tristan Davenport and Rick Valenta have resigned while Nicholas Limb has been appointed as its new chairman.
The remaining four member board retains the skills and experience that will benefit the company in its next stage of development.
“I would also like to thank the departing directors for their long and determined efforts to progress the company’s principal project to the point of development,” Limb said.
The Ranobe Mine is projected to produce 407,000 tonnes per annum of ilmenite and 44,000tpa of zircon rich concentrate per annum over an initial 21 year mine life. This first phase of development utilises around 17% of the 959 million tonne of Mineral Resource defined at Ranobe.
The Definitive Engineering Study has confirmed that a low capex, low technical risk and simple mineral sands operation could be built using proven technology.
Pre-development engineering is focussed on finalising the design for the haul road, causeway and jetty. A detailed design for the jetty has been completed.
Work is currently underway to update the DES into a Definitive Feasibility Study to be completed in the second quarter of 2014.
October 27, 2023In September 2023, the import volume of titanium dioxide in China was 6777.04 tons, a decrease of 26.41% month on month and a year-on-year increase of 74.95%; From January to September 2023, the cumul...view
September 6, 2017PPG Industries＇ (NYSE:PPG) industrial coatings business has introduced ELECTROCOLOR® 3500 coating, an electrodeposition coating (e-coat) designed as a lightly-tinted clearcoat for application on meta...view
October 14, 2020Since October 08,2020, China's titanium dioxide has started a new round of price increases, andmost suppliers have increased the price at US$150/ton. Moreover, Ilmeniteprice are also in rising, the cu...view
September 6, 2017U.S. chemicals maker PPG Industries Inc. announced it has reached an agreement to take over Mexican architectural and industrial coatings firm Consorcio Comex for $2.3 billion, as part of the planned ...view
September 6, 2017Bringing their designer-inspired colors and wallpapers to a larger audience of homeowners, HGTV and Sherwin-Williams have launched HGTV HOME by Sherwin-Williams in Canada. First introduced to the U.S....view
September 6, 2017Although imports of TiO2 from Australia to China has increased enormously, imports in Feb. is still greatly reduced due to the following reasons. One reason is that the imports from the US (a major im...view