Richards Bay minerals is a joint venture between Rio Tinto and...

Richards Bay minerals is a joint venture between Rio Tinto and BHP ,and is the largest mineral sands operation in the world ,and very similar to what ANU have here .Unfortunately it looks like Rio will have to sell a 26% stake in RBM because of legislation in South Africa .This is one of the largest suppliers of titanium dioxide .Rio tinto and BHP have lots of experience with this kind of operation for over 30 years .Bill Kluckow ,is executive director of ANU and worked for Richards Bay for 20 years ,so ths guy knows this industy inside out .Now Rio would be well aware of this company ,as would BHP,so you can bet they are watching .Titanium dioxide is hitting the headlines and Steel is hitting new highs tonight ,and Vanadium is no slouch either .The question is ,how long before the market wakes up ,or will one of the majors snap them up with spare change .Titanium is hot ,and Rio may want to make up for the loss of part of their Richards Bay production .ANU will be the lowest cost producer of iron in the world ,and will do it on an estimated $30m capital costs .The projected profits for ANU are phenomenal .