Tronox Holdings PLC said June 3 that it will repurchase up to US$100 million of its shares.

"This authorization to repurchase shares is consistent with our long-term capital allocation priorities of deleveraging, investing in high-return organic projects to lower our costs and opportunistically returning capital to shareholders," Chairman and CEO Jeffry Quinn said.

In early May, the New York-listed titanium producer repurchased US$200 million in shares from Exxaro Resources Ltd.