EXXARO: Sale of MinSands Assets to Tronox Will Unify Ownership of Tiwest

摘要

In June 2011 - 12 months ahead of the agreed deadline - Tronox duly made this reimbursement. Australian Sands recorded net cash inflow of Rnd 469 million and a book-gain of Rnd 24 million on the transaction.Operation at the newly enlarged scale was ramped up to full-tilt in October 2010 and in H1 2011, Tiwest achieved a new record for half-year pigment production: 88,000 tonnes - equivalent to 17% above nameplate capacity on an annual basis. The company also set a new record for pigment sales volume - 86,000 tonnes.