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[
E x p a n s i o n o f t h e U G S F a c i l i t y ]
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In the spring of 2005, QIT completed a 107M$ expansion to the UGS
facility. This project has increased the plant capacity from 250,000
tonnes of UGS slag to 325,000 tonnes. In October of the same year,
QIT announced a further expansion of the same facility at a cost of
95M$ to bring the capacity up to 375,000 tonnes.
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[
M a d a g a s c a r P r o j e c t
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On the 3rd of August 2005, Rio Tinto management confirmed that
the Project to exploit ilmenite mineral sands in Madagascar would go
ahead. At a cost of 775M$ US, this project will require a 585M$ US
investment for mining infrastructure in Madagascar and a 190M$ US
(235M$ CAN) investment at the metallurgical complex in Sorel-Tracy.
Two of the nine reduction furnaces in Sorel-Tracy will be entirely
dedicated to the ore from Madagascar which will produce a slag
containing 90% TiO2. The ore will be delivered to us from the mine
at 60% TiO2. The remaining seven furnaces will continue to treat the
ore from our mine at Havre-Saint-Pierre.
The Madagascar Project is scheduled to produce its first tonnes
during the last quarter of 2008 and will reach an annual production
capacity of 750,000 tonnes by 2012. At that point, QIT will be in a
position to annually produce 475,000 tonnes of this new slag.
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