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MEI Online: Plant Operation News: Australasia: November 6th 2003


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:: Iluka Signs Austpac MoU

Iluka Resources Ltd has entered into a memorandum of understanding (MoU) with Austpac Resources NL, under the terms of which Iluka could purchase synthetic rutile (SR) from the latter’s proposed SR plant to be located on the eastern coast of Australia. Iluka would also be able to acquire an interest in Austpac itself, and in the SR plant, and to be able to secure exclusive licensing rights regarding Austpac’s SR ERMS technology. (ERMS is a roasting process which magnetises ilmenite and makes it amenable to leaching in hydrochloric acid. Magnetised ilmenite can then be separated from deleterious gangue minerals such as chromite.)




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