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| ASX Release 31 March 2015 A NOTE FROM THE CHAIRMAN Dear Shareholder, MDL has made substantial progress towards completing its near-term strategy of becoming an integrated mineral sands producer with a global footprint. The benefits of the 2011 TiZir Joint Venture transaction with ERAMET are currently being realised as MDL and its shareholders are now able to benefit from the synergies between its two producing assets, the Grande C?te mineral sands operation ('GCO') in Senegal and the TiZir Titanium & Iron ilmenite upgrading facility ('TTI') in Tyssedal, Norway.  To read the full Chairman's Letter click here.
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Level 17, 530 Collins Street, Melbourne VIC 3000, Australia
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