Iluka in Brazil titanium deal with Vale
PERTH (miningweekly.com) – Mineral sands miner Iluka has signed a joint development agreement and intellectual property agreement with Brazilian major Vale to evaluate and develop the Tapira titanium deposit, in Brazil.
Iluka MD David Robb said on Wednesday that the agreements provided the company with the opportunity to undertake geological and metallurgical research programmes at Tapira, with a view to develop a long-life, large-scale titanium feedstock operation.
“Iluka’s involvement provides the company with the opportunity to participate in the potential commercialisation of one of the largest known undeveloped titanium mineral deposits,” he stated.
Robb pointed out that the first phase of the agreements involved a 15-month scoping study that would include a series of geological and technical evaluations, as well as market assessments, and the determination of a preferred pilot plant design.
Subsequent phases would be dependent on the results of the first phase studies, and would include the evaluation, construction and operation of a pilot plant, prefeasibility and definitive feasibility studies, and ultimately the construction and operation of a commercial-scale plant.
Robb said that in consideration for funding the first phase, pilot plant and feasibility studies, Iluka had secured the option to participate for up to 49% of a joint venture vehicle with Vale and preferential options on other potential large-scale titanium dioxide deposits within the iron-ore major’s portfolio.
The Tapira intrusive complex is host to large volumes of titanium-bearing materials, which occur alongside Vale’s existing phosphate mining operations. The project area covers some 35 km2, and Iluka has estimated an exploration target of between 1-billion and 1.5-billion tonnes of material, with an estimated titanium dioxide content of between 12% and 15%.
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