OPERATIONS UPDATE & TIZIR FUNDING MDL's primary asset is a 50% interest in the TiZir joint venture ('TiZir'), which owns the Grande C?te mineral sands operation ('GCO') in Senegal, West Africa and the TiZir Titanium & Iron ilmenite upgrading facility ('TTI') in Tyssedal, Norway. ERAMET of France is MDL's 50% joint venture partner in TiZir. Key points ? GCO is on track to produce in the order of 170,000t of Heavy Mineral Concentrate ('HMC') for 3Q 2015 ? Furnace reline and capacity expansion project at TTI progressing on schedule following a successful shutdown in September ? Appointment of MDL Chief Operating Officer ? Additional financial contribution of US$25 million (US$12.5 million being MDL's 50% share) to TiZir  To read the full release click here.
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