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Tronox Acquires Mineral Sands Business, Ups Back-Integration

12:04 PM MDT | October 7, 2011 | —Natasha Alperowicz

Titanium dioxide (TiO2) producer Tronox has announced plans to acquire the mineral sands operations of Exxaro Resources (Pretoria, South Africa) in exchange for approximately 38.5% of Tronox’s equity. The deal includes Exxaro’s 50% interest in the Tiwest joint venture with Tronox in Western Australia, as well as 74% of Exxaro’s KZN Sands and Namakwa Sands operations in South Africa. Tronox also announced that its chairman Tom Casey will assume the additional role of CEO, effective immediately. Casey succeeds Dennis Wanlass as CEO. Wanlass has...

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