tio 2 solvent extraction
TRANSCRIPT
INDUSTRIAL MINERALS INTERNATIONAL
CONGRESS AND EXHIBITION 2014
VANCOUVER
TiO2 SOLVENT EXTRACTION
ROY BONNELL
CEO and PRESIDENT OF ARGEX TITANIUM INC
WORLDWIDE TiO2 PRODUCERS
China
� Average German uses 9lbs of TiO2 per year.
� Average North American uses 7lbs of TiO2 per year.
� BRICS* currently uses on average 2lbs of TiO2 per year, per person
� As emerging countries standard of living increases, so will their use of TiO2.
� Average German uses 9lbs of TiO2 per year.
� Average North American uses 7lbs of TiO2 per year.
� BRICS* currently uses on average 2lbs of TiO2 per year, per person
� As emerging countries standard of living increases, so will their use of TiO2.
DEMAND TIED TO GDP
4
2.6 Billion people in China and India
0.25kg per capita increase in consumption
in these two countries over 3 years equates
to 650,000mt in demand
04’- 11’CAGR 4% 5% -4% 5% -1% 9% -8% 6% 8% 8% >10%
DEMAND DYNAMICTiO2 Consumption per Capita (kg) and Growth Rates
Sources: TZMI (TiO2 PAR 2012), Ti Insight (Nov. 2012) and Company
3.9
04’- 11’CAGR 4% 5% -4% 5% -1% 9% -8% 6% 8% 8% >10%
TiO2 GLOBAL PRICE HISTORY
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
GLOBAL TiO2 NAME PLATE
SUPPLY – DEMAND BALANCE
GLOBAL TiO2 SUPPLY – DEMAND
FORECAST
TiO2 pigment industry is in significant flux driven
by ownership changes
TiO2 pigment industry is in significant flux driven
by ownership changes
Current state of the industry
TiO2 MARKET
Nameplate capacity overstates the real
available capacity by about 20%. Most
impaired capacity is likely Asian
Titanium ore market is in significant change
driven by back integration of pigment
producers
Significant difficulties building chloride plants
in China due to technology availability
Expect prices to start to rise mid-2014 due to
normalized inventory and the health of global
demand
Expect prices to start to rise mid-2014 due to
normalized inventory and the health of global
demand
Solvent extraction proven technology for uranium, copper, nickel, rare earths etc.
Filtering, rotary kilns, coating and finishing are proven TiO2 technologies
Saleable byproducts, minimal inert residual
State-of-the-art and off-the-shelf equipment
Efficiently extracts TiO2 from ores containing different contaminates(Mg, V, Cr, etc.)
Environmentally friendly process, closed-loop
SOLVENT EXTRACTION’S NEW APPLICATIONARGEX PROCESS
77
HOW THEY STACK UP
Sulphate Chloride Argex
Raw material cost($/ton of TiO2 feed)
Low
Ilmenite
High
Rutile
Low
Ilmenite
Flexibility in processing
raw material
Limited
(Cr, V)
Limited
(Mn, Mg, size)High flexibility
Capital expenditure Medium High Low
Operational costs Medium High Low
Environmental High Medium Low
TiO2 Pigment production Rutile/Anatase Rutile Rutile/Anatase
ARGEX PROCESSSOLVENT EXTRACTION
Ilmenite OreCrushing
And
milling
Leaching
Atmospheric
pressure
Filtration
Inert solid tails
Solvent extraction
( iron circuit)
Solvent extraction
(titanium circuit)
TiO2 precipitation
TiO2 recovery
(filtration) Surface treatment
Finish product
TiO2 pigment
Regenerated HCl
Co-product
Iron oxide
Co-product
Magnesium oxide
Regenerated HCl
Acid regeneration
Acid regeneration
Lixiviant
Mixed acids
HCl recycling system
Finish product
TiO2 pigment
Co-product
Iron oxide
Co-product
Magnesium oxide
OF TiO2 PRODUCTIONCURRENT METHODS
MINERAL SAND OR HARD ROCK
Ilmenite Concentrate
(Low Cost)
Natural Rutile
(High Cost)
Argex
Process
TiO2 Argex
Pigment
Sulphate
Process
TiO2 Sulphate
Pigment
Smelting
Process
Slag(>85% TiO2)
Synthetic
Rutile
Chloride
Process
TiO2 Chloride
Pigment
40-54% TiO2 35-50% TiO2 55-65% TiO2
85-93% TiO2
15-50% TiO2
92-9
8%
TiO
2
The Argex Process
MARKET INTEGRATION
GLOBAL
DISTRIBUTION
RISK
MITIGATION
INDUSTRY
PARTNERSHIPS
CONTINUED
R&D
COMMITMENT
TO BE THE
LOW-COST
PRODUCER
MODULAR
APPROACH
