I'm not sure that it's that significant for APG. Unless they're looking at diversifying into titanium minerals, the Sibelco focus seems to be in silica (AUD3 billion turnover is a lot of silica).
The red iron pigment product from Unimin would be a much lower specialty volume than the iron available in the ilmenite used for TiO2. Interesting tie-in but I don't think it's relevant to APG.
Happy to be wrong though.
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