PERTH (miningweekly.com) – Mineral sands developer MZI Resources on Tuesday announced that it had executed a sales agreement with DuPont Titanium Technologies to sell all of the leucoxene titanium dioxide produced at the proposed Keysbrook project, in Western Australia.
The agreement is for an initial term of five years, with the option to extend the contract.
MZI CEO Trevor Matthews said in a statement that the sales agreement with DuPont marked another important step along the path to development of Keysbrook.
“Having DuPont, the world’s largest titanium dioxide pigment producer and a blue-chip company, enter into a sales agreement of this nature is a clear indication of the value of the Keysbrook project and its products,” Matthews said.
“This agreement, the first to be signed for the Keysbrook project, represents almost 30% of our planned annual production by volume and considerably de-risks the project.”
Meanwhile, Matthews noted that MZI was in advanced discussions with other potential customers with respect to the project’s planned 88% leucoxene titanium dioxide and zircon concentrate products.
The Keysbrook project will produce an average 91 000 t/y of mineral sands products.
