Hainan Mining to acquire Zr-Ti mining claims in Mozambique
2024-12-16 14:49:27 [Print]
Hainan Mining announced that it plans to acquire a total of 68.04% stake in ATZ Mining Limited and 51.52% stake in Felston Enterprises Limited through share issue and in cash, to secure zirconium and titanium mineral resources in Mozambique, as the company seeks to boost production capacity and profitability to effectively meet demand for zirconium, titanium and rare earth resources from Chinese consumers.
ATZ Mining and Felston are two companies engaged in mining, dressing and export of heavy mineral sands and concentrates. They own mining claims 5004C and 7407C in Mozambique.
5004C has measured resources of 312 million tonnes, with an average grade of 3.31% for ilmenite, 0.40% for zirconite, 0.03% for monazite and 0.31% for rutile, and it produced 356,000t of heavy mineral sands and concentrates in 2023.
7407C has measured resources of 413 million tonnes, with an average grade of 1.06% for ilmenite, 0.10% for zirconite, 0.01% for monazite and 0.11% for rutile, and it produced 263,000t of heavy mineral sands and concentrates in 2023.
5004C and 7407C, both are coastal sand deposits, commenced operation in 2012 and 2022 respectively, with a Life of Mine of more than 15 years. They mainly produce heavy mineral sands and concentrates, which are further processed into titanium concentrate, zirconite, monazite, rutile and other mineral products with higher value.
ATZ Mining and Felston are two companies engaged in mining, dressing and export of heavy mineral sands and concentrates. They own mining claims 5004C and 7407C in Mozambique.
5004C has measured resources of 312 million tonnes, with an average grade of 3.31% for ilmenite, 0.40% for zirconite, 0.03% for monazite and 0.31% for rutile, and it produced 356,000t of heavy mineral sands and concentrates in 2023.
7407C has measured resources of 413 million tonnes, with an average grade of 1.06% for ilmenite, 0.10% for zirconite, 0.01% for monazite and 0.11% for rutile, and it produced 263,000t of heavy mineral sands and concentrates in 2023.
5004C and 7407C, both are coastal sand deposits, commenced operation in 2012 and 2022 respectively, with a Life of Mine of more than 15 years. They mainly produce heavy mineral sands and concentrates, which are further processed into titanium concentrate, zirconite, monazite, rutile and other mineral products with higher value.
Zircon Sand S.A. Zr(Hf)O2 65%min CIF China
Unit:USD/mt
China zircon sand producers' inventory to production ratio statistics by province by month
Unit: %
