Help Desk -
9958816305, 9810335381

Eramet update for Mineral Sands division in Q3

Metal News - Published on Tue, 06 Nov 2018

Image Source: SteelGuru
Eramet announced that following its successful takeover offer on MDL13, Eramet now has a 100% interest in TiZir and this asset has been fully consolidated in the Group’s accounts as of 1st July 2018. In Q3 2018, TiZir (100%) posted sales of EUR 77 million, up sharply (+60 %) versus Q3 2017, in a highly favourable prices environment.

TiZir products’ markets were favourable at end-September 2018. Demand for titanium dioxide slag and zircon remained sustained with high price levels.

Upstream, in Senegal, heavy mineral concentrate production was up 6%14 year-to-date at end-September 2018 (575 kt).

Zircon sales’ volumes increased 14 %14 during the first nine months of the year to 49 kt. External ilmenite sales, impacted at the start of the year by railway track construction works on the outskirts of Dakar, increased in Q3, reaching 173 kt year-to-date at end-September, in line with the volumes sold during Q3 2017.

Downstream, in TiZir’s Norwegian plant, titanium dioxide slag production was up 6%14 during the first nine months of the year versus Q3 2017; sales’ volumes ended at 144 kt year-to-date at end-September, up 47%14, given a low level of sales in 2017 following the restocking of the plant after the shutdown of the furnace in 2016.

Source :

Posted By : Rabi Wangkhem on Tue, 06 Nov 2018
Related News from Metal segment