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05 2017
9th Global Zircon Conference 2017 The “Global Zircon Conference” held by Ruidow is responded po..

2017 full year zircon/rutile/synthetic rutile (Z/R/SR) production volumes were 22% higher than the 2016

Feb 5 2018      Source:ruidow

Keywords:zircon

2017 full year zircon/rutile/synthetic rutile (Z/R/SR) production volumes were 22% higher than the 2016 full year at 825 thousand tonnes mainly attributable to the inclusion of Sierra Rutile post acquisition in December 2016, which contributed 171 thousand tonnes of Z/R production (2016: 9 thousand tonnes). 
· Group Z/R/SR production for Q4 of 169 thousand tonnes was 17% lower than Q3 primarily due to the conclusion of processing heavy mineral concentrate in the Murray Basin. 
· Market conditions have remained robust across mineral sands in the fourth quarter and the outlook continues to be positive: 
− 2017 full year group Z/R/SR sales volumes up 27% to 889 thousand tonnes including Sierra Rutile (up 11% excluding Sierra Rutile); 
− weighted average zircon standard and premium price received of US$1,128 per tonne in the fourth quarter, an increase of 40% from the start of the year; and 
− weighted average rutile price received of US$825 per tonne in the second half of 2017, an increase of 13% over the start of the year. 
· Net debt has reduced to $183 million (31 December 2016: $506 million), reflecting strong free cash flow in 2017 and a strengthening in the Australian dollar revaluing US dollar denominated debt. 

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