Matilda talk up zircon demand from China

Write: Carnation [2011-05-20]

March 26th, 2010
Mineral sands mine developer Matilda Zircon Ltd says Chinese demand for the ceramics-making input appears robust and signs of supply tightness in the market could soon push the price up.
"Price increases have been signalled to the market by major producers with indications that a price increase of between $US20 and $US50 per tonne of zircon could occur in April with a further price increase in the third quarter," it said in a statement on Friday.

The company said on Thursday it expected to revive a zircon mine on the Tiwi Islands, north of Darwin, in the June quarter.
The mine was closed in 2008 when it was operated by Matilda Minerals Ltd, which went into administration after racking up debt and running out of cash.
The asset was acquired by Olympia Resources Ltd, which was re-badged Matilda Zircon.
All of these companies are related to Perth-based mining identity Michael Kiernan, which is Matilda Zircon's chief executive.