FFUNDS from Hong Kong-based Tricoas-tal Minerals have helped Matilda Zircon bring its Tiwi Islands zircon asset in Australia's Northern Territory into production. The 2.5 million US dollars funding package from the mineral sands processor and distributor was a combination of debt and equity, and took Tricoastal's interest in Matilda Zircon to 7.53%. Matilda Zircon aimed to resume operations at Tiwi Island by the end of June. As part of its 2010 Mine Plan, Matilda has introduced a number of enhanced mining and processing methods which will double plant capacity and reduce operating costs. This includes introduction of an in-pit mobile slurry unit and a pre-concentrator facility.
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