A Swiss company has signed a contract to produce all titanium dioxide from the Pico Hill project in Australia.
Australian small miner TNG, a producer of titanium dioxide, vanadium and iron ore, has signed a binding acquisition agreement to acquire 100% of its pigment production at the MountPeake project.
Swiss logistics company DkSH already has the right to obtain TNG materials. According to the new agreement, the company will receive all the output of Pike Mountain during the entire mining cycle of the mine, which may mean up to 150,000 tons. Titanium dioxide.
Rio Tinto plans to use its proprietary TiVan feedstock process to produce titanium dioxide, a process that removes iron from ilmenite, which means it can be used to produce a bright white pigment that is produced using rutile as a raw material. The materials are comparable.
TNG has entered into a binding mining agreement with South Korea's Woojin and global trader Gunvor for its iron ore production.