https://www.engineeringnews.co.za
Infrastructure|Mining|Resources|Infrastructure|Operations
Infrastructure|Mining|Resources|Infrastructure|Operations
infrastructure|mining|resources|infrastructure|operations

Appian picks up US mineral sands assets from Illuka

3rd November 2023

By: Creamer Media Reporter

     

Font size: - +

UK-based mining and metals investment adviser Appian Capital Advisory is expanding its US presence, announcing the acquisition of near-production-ready mineral sands deposits and processing facilities in Virginia.

The mineral sands investment follows Appian’s US graphite investment, announced earlier this week, and fits the group’s focus of investing in the global megatrends shaping society. 

Appian is acquiring the package of mineral sands assets from Illuka Resources through its majority-owned subsidiary Atlantic Strategic Minerals.

The properties include some of the highest-grade mineral sands resources globally. They are expected to produce high-quality ilmenite and zircon from an historically operating mine with significant existing infrastructure. 

Appian plans to leverage its expertise to de-risk and restart the mining operations, with the refurbishment of two existing mineral concentrator plants and the development of mining infrastructure.

The properties are well-positioned to provide a domestic supply of mineral sands.

“This acquisition provides a significant opportunity, with some of the highest-grade mineral sands resources globally, strategically located close to end-users in the US with significant infrastructure already in place,” Appian founder and CEO Michael Scherb said.

The transaction also advances Appian’s mineral sands strategy and complements its investment in Gippsland Critical Minerals, in Victoria, Australia.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/07/2024)
12th July 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.321 0.376s - 194pq - 2rq
Subscribe Now