Tronox Incorporated and Exxaro Resources Limited today announced a definitive agreement under which Tronox will acquire Exxaro's mineral sands operations in exchange for a 38.5 per cent equity stake in Tronox.
Exxaro is a South African-based resources group with a variety of interests, including iron ore and coal. Its mineral sands operations produce the key titanium bearing ore feedstock used in the production of titanium dioxide pigment - an inorganic white pigment used in paint, coatings, plastics, paper and many other everyday products.