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Mineral Commodities is a diversified mining company with projects and operations in South Africa, Norway and Western Australia
.
Its main production asset is the Tormin heavy ore mining business located 370 kilometers north of Cape Town on the west coast of South Africa.
The mine is currently increasing production and continues to fund the company's growth in the ore and graphite market
.
The company's Tormin business produces three main concentrate streams, including garnet, ilmenite, and zircon/rutile products, which are sold to lucrative global markets
.
Tormin has been operating since 2013, but the business received a significant boost in July 2020, when the South African government granted the company the mining rights in the northern mining area, adjacent to the grinding plant
.
The new mining rights provide Mineral Commodities with more than 23 kilometers of additional beach placer deposits and onshore Western Strandline exploration targets
.
Western Strandline itself has more than 106 million tons of ore with a grade of 12.
4% THM, while the new Northern Beaches mine has 3 million tons of high-grade raw materials with a grade of 23.
34% THM
.
Mineral Commodities continues to expand its grinding capacity in Tormin and plans to increase its annual output to more than 4 million tons
.
It is also connected to the nearby Eskom wind farm, reducing electricity costs and increasing the company's green certificate
.
As east and west Strandlines drilling continues to unearth high-grade resources, Mineral Commodities looks set to increase its cash flow in the next few months as it ramps up processing through the Tormin plant and continues its growing graphite business in Europe Add value
.
.
Its main production asset is the Tormin heavy ore mining business located 370 kilometers north of Cape Town on the west coast of South Africa.
The mine is currently increasing production and continues to fund the company's growth in the ore and graphite market
.
The company's Tormin business produces three main concentrate streams, including garnet, ilmenite, and zircon/rutile products, which are sold to lucrative global markets
.
Tormin has been operating since 2013, but the business received a significant boost in July 2020, when the South African government granted the company the mining rights in the northern mining area, adjacent to the grinding plant
.
The new mining rights provide Mineral Commodities with more than 23 kilometers of additional beach placer deposits and onshore Western Strandline exploration targets
.
Western Strandline itself has more than 106 million tons of ore with a grade of 12.
4% THM, while the new Northern Beaches mine has 3 million tons of high-grade raw materials with a grade of 23.
34% THM
.
Mineral Commodities continues to expand its grinding capacity in Tormin and plans to increase its annual output to more than 4 million tons
.
It is also connected to the nearby Eskom wind farm, reducing electricity costs and increasing the company's green certificate
.
As east and west Strandlines drilling continues to unearth high-grade resources, Mineral Commodities looks set to increase its cash flow in the next few months as it ramps up processing through the Tormin plant and continues its growing graphite business in Europe Add value
.
