bhp: announcement regarding rio tinto offer, page-11

OB1 I'm not sure if Kohler provides steak knives if you sign up for Eureka but you can ask!

Lekki,

You know how to sweet talk a man!! This is an extract from the BHP powerpoint Lekki has provided the link to above. In the heart of them talking about their long term Titanium and Titanium dioxide strategies comes this lovely page!!!

Titanium Dioxide – Austpac ERMS SR
BHP Billiton has invested in Austpac’s ERMS SR synthetic rutile technology
¯ A$5m to fund construction of the pilot plant
¯ Secured a license for Africa
¯ Austpac’s largest shareholder at 3.8%
Why invest in ERMS SR
¯ Secure an option to produce very high grade chloride (96-98% TiO2) feedstock
¯ Solves the three key weaknesses with conventional synthetic rutile
��Saleable iron co-product
��Low grade feedstock
��Smaller environmental footprint

This is BHP itself in November last year touting the value of their investment in Austpac in the middle of pushing what great stuff they have lined up in the Titanium area. Makes Austpac very much part of their strategic plan me thinks!

Go and read the link and do your own sums!

well found Lekki, I'm looking forward to seeing the update

Seik