Hopefully we will see an announcement soon about what they will do with the titanomagnetite.
This could be big news for the coal miners in CQ
Titanomagnetite is a coal washing agent.
According to the investor presentation local coal producers such as Anglo Coal (Callide and Dawson) at Biloela and Moura have expressed interest in the entire production. Monto forecast production of up to 20,000 tonnes in 2007 rising to 44,000 tonnes in 2010.
