Resumen de Iluka and Vale sign agreement to develop TiO2 feedstock project in Brazil
"Iluka's involvement provides the company with the opportunity to participate in the potential commercialisation of one of the largest known undeveloped titanium mineral deposits," said Iluka's managing director, David Robb.
"Improving confidence levels and the prospect of suitable commercial arrangements in relation to those sales opportunities may provide a basis for a decision before year end to reactivate part of Iluka's currently idled synthetic rutile capacity," the company said.
"It will be alleged that Iluka's zircon sales forecast in May 2012 was overly optimistic and not achievable," ACA Lawyers principal, Steven Lewis, said.
