BHP quits Corridor Sands

摘要

IN WHAT WILL come as a major blow to the titanium dioxide (TiO_2) pigment sector, but a not entirely unexpected development, BHP Billiton Plc has quit its 800,000 tpa ilmenite project in Mozambique, operated through 1 00 percent owned subsidiary, Corridor Sands. BHP has pulled out five months before the Chibuto heavy sands exploration rights expire; it ceased the pre-feasibility study in March 2009. BHP told IM: "The study has found inadequate value to justify further development of the project at this point in time."