In December 2008, MRC was granted mining rights for the Tormin heavy minerals project, on the West Coast of South Africa. Final processing plant design and engineering are now taking place.
“The company has commenced procedures to appoint an engi- neering group to update the existing feasibility study. Based on a positive outcome to this phase of the work, the company will let a tender for a turnkey project to produce zircon and rutile concentrate,” says Caruso in his statement to shareholders.
“On the current schedule, the plant should be operational by the end of calendar 2010,” Caruso adds.
