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September 6, 2023
Tronox Joins the Global Rare Earth Industry Association
The Rare Earth Industry Association (“REIA” or the “Association”) is pleased to report that Tronox Holdings plc (NYSE: TROX, “Tronox” or the “Company”) has become a member of the Association.
Tronox is a vertically integrated mining and inorganic chemical business that mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. Tronox’s existing mining operations and tailing piles in South Africa and Australia contain significant quantities of monazite, a mineral containing rare-earth elements.
Jeff Engle, the Company’s senior vice-president, commercial and strategy, commented “Tronox is pleased to become a member of the Rare Earth Industry Association as we look for ways to optimize the value of our rare-earth containing minerals present in the deposits we typically mine for titanium ore and zircon. As the demand for rare-earth elements found in monazite is increasing dramatically given their use in many facets of the emerging green economy, including permanent magnets for electric vehicle motors and wind turbines, Tronox is currently evaluating a range of options to leverage our expertise to further unlock the value of rare earths generated from our operations”.
Dr. Badrinath Veluri, President of REIA, commented, “We are very pleased to welcome Tronox to REIA, as our newest member. As a well-established player in the mineral industry, the company’s expansion into the rare-earth sector is in keeping with REIA’s desire to see the development of a diversified and sustainable rare-earth value chain. We look forward to working with Tronox and to building a strong partnership”.
Tronox had sales revenue of $3.45 billion and Adjusted EBITDA of $875 million in 2022.
Tronox Holdings plc is one of the world’s leading producers of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products, high-purity titanium chemicals, and zircon. Tronox mines titanium-bearing mineral sands and operates upgrading facilities that produce high-grade titanium feedstock materials, pig iron and other minerals, including the rare earth-bearing mineral, monazite. With approximately 6,500 employees across six continents, Tronox’s rich diversity, unmatched vertical integration model, and unparalleled operational and technical expertise across the value chain, position Tronox as the preeminent titanium dioxide producer in the world. For more information about how Tronox products add brightness and durability to paints, plastics, paper and other everyday products. Learn more at www.tronox.com.
About the Rare Earth Industry Association (REIA)
The Rare Earth Industry Association is a global, Belgium-based not-for-profit organization founded in 2019. REIA’s mission is to serve, promote and advance the sustainable development of the global rare-earth-element value chain. The Association’s 75 members are drawn from across the entire REE value chain, including public and private companies, research and academic institutions, government entities, policymakers, and other stakeholders. REIA is currently developing a framework and guidelines to help standardize ESG reporting accepted by upstream, midstream, and downstream participants. The Association provides its members with a platform for networking and benchmarking; for making their voice heard by policymakers, regulators, and other key stakeholders; for finding potential partners and collaborators; for accessing and sharing data, information, and best practices; and gaining visibility and highlighting their engagement towards a more sustainable supply chain.
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