trending Market Intelligence /marketintelligence/en/news-insights/trending/rsg5c7xa3afdg1hyarsfcw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Tronox secures option for 90% stake in Saudi Arabian titanium slag smelter

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Tronox secures option for 90% stake in Saudi Arabian titanium slag smelter

Tronox Ltd. secured an option to acquire 90% of Advanced Metal Industries Cluster Co. Ltd.'s ownership in a titanium slag smelter facility in Saudi Arabia.

Tronox recently entered into an agreement to provide technical assistance services to AMIC to facilitate the smelter's startup.

AMIC is equally owned by The National Titanium Dioxide Co. Ltd. and National Industrialization Co., also known as Tasnee.

AMIC will create a special-purpose vehicle as part of the deal and transfer its stake and US$322 million of debt to the vehicle.

Tronox agreed to lend up to US$125 million for CapEx and operational expenses tied to starting up the smelter.

The compensation also includes a working capital adjustment and an adjustment to accurately compensate AMIC for 10% of the outstanding liabilities of the vehicle.

Tronox agreed to supply ilmenite to AMIC for the smelter in exchange for titanium slag it produces.

Tronox will exercise the 90% acquisition option after the smelter reaches sustained operations.