EMPANGENI, South Africa, Sept. 16, 2013 /PRNewswire/ -- Tronox Limited (NYSE: TROX) announced today that the South African Department of Water Affairs (DWA) has approved the company's Water Use License application for its KZN Sands Fairbreeze Mine in Mtunzini, KwaZulu-Natal.
"Granting of the water use license marks a major milestone for Tronox. It means that we can commence building the required operational infrastructure to have Fairbreeze up and running in 2015. This is great news for the region, our employees and business partners, and all the stakeholders who will benefit from Fairbreeze's tremendous economic potential. As we enter this next phase, we remain steadfast in our commitment to environmental stewardship and sustainability, and look forward to our continued role as an active and responsible citizen in the local community," said Trevor Arran, president of Tronox Mineral Sands.
The Water Use License is the last environmental permit necessary for Tronox to begin full construction at Fairbreeze. The attendant water permit in relation to the water pipeline is in process and is required prior to start-up of the mine.Titanium ore, zircon and other minerals mined at Fairbreeze will replace ore from the Tronox KZN Sands Hillendale mine that will cease production at the end of this year. Arran noted that Tronox has sufficient inventory to continue running its KZN processing and smelting operations at capacity during the gap between the end of mining at Hillendale and the Fairbreeze start-up. The new mine will bring significant economic benefits to the KwaZulu-Natal region of South Africa. The mine will preserve more than 1,000 permanent and contractor positions and generate an additional 1,000 indirect jobs. Tronox anticipates spending approximately ZAR530 million on services and products, more than half of which will go to black economic empowerment (BEE) companies. The development of infrastructure for Fairbreeze, such as a new electric power substation and water pipeline will also benefit the region. Post-mining rehabilitation of the site will support tourism, land preserves for ecological research and agriculture. About TronoxTronox is a global leader in the production and marketing of mineral sands, titanium dioxide pigment and electrolytic products. Through the integration of its pigment and mineral sands businesses, the company provides its customers a dependable supply of brightening solutions for a variety of end uses. For more information, visit http://www.tronox.com. Explore how Tronox's fully integrated strategy is reshaping the industry. Learn more about Tronox's bold vision. South Africa Contact: Natalie KeeganTel: +27 35 902 7840Email: email@example.com Media Contact: Bud GrebeyDirect: +1.203.705.3721Email: firstname.lastname@example.org Investor Contact: Brennen ArndtDirect: +1.203.705.3722 SOURCE Tronox Incorporated
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV