Tracking Development - Rio Tinto - Qit Madagascar Minerals
Tracking Development - Rio Tinto - Qit Madagascar Minerals
Tracking Development - Rio Tinto - Qit Madagascar Minerals
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The exploration & study Phase<br />
QMM At A Glance<br />
<strong>Rio</strong> <strong>Tinto</strong> is a leading global mining group, combining <strong>Rio</strong><br />
<strong>Tinto</strong> plc, a London listed public company, with headquarters<br />
in the United Kingdom, and <strong>Rio</strong> <strong>Tinto</strong> Limited, listed on<br />
the Australian Stock Exchange, with executive offices in<br />
Melbourne. The two companies are joined in a dual listed<br />
companies (DLC) structure as a single economic entity, called<br />
the <strong>Rio</strong> <strong>Tinto</strong> Group 7 . With several operating assets across<br />
the globe and Africa, QMM is one such venture. QMM is 80<br />
per cent owned by <strong>Rio</strong> <strong>Tinto</strong> and 20 per cent owned by the<br />
Government of <strong>Madagascar</strong>.<br />
The project, with a total lifespan of approximately 50 years,<br />
is a heavy mineral sand mining operation extracting ilmenite<br />
and zirsill (zircon mixed with sillimanite) from silica sand<br />
covering an area of 6,000 hectares (ha). Located in three<br />
blocks over a distance of approximately 60km parallel to the<br />
coast, current mining activity is taking place at the 2000ha<br />
Mandena site. Other deposits are found at Sainte Luce and<br />
Petriky. The deposits contain nearly 70 million tonnes of<br />
ilmenite. This quantity accounts for approximately ten per<br />
cent of the world’s deposits. The ilmenite contains 60 per<br />
cent titanium dioxide, making it higher quality than most<br />
other global sources. The minerals are shipped through the<br />
Port of Ehoala to <strong>Rio</strong> <strong>Tinto</strong>’s processing facilities in Canada.<br />
Once upgraded, the raw material produces a new 90 per<br />
cent titanium dioxide chloride slag, which is then sold to<br />
titanium pigment producers and used as a white finish in<br />
paints, plastics, paper and dyes 7 . <strong>Rio</strong> <strong>Tinto</strong> has invested in a<br />
long-life mine and profitability will depend on exploitation of<br />
all three orebodies.<br />
The Mandena mining complex includes a floating separation<br />
unit connected to a dredge, a mineral separation plant (MSP),<br />
a storeroom, a power plant and a weir.<br />
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