CAPITAL MARKETS

Matilda cashes up

PERTH-based Matilda Zircon has received a $US13 million ($A12.4 million) cash boost in the form of revenue after its second ship departed for China, carrying zircon-rutile heavy mineral concentrate from the Lethbridge South mine in the Tiwi Islands.

Brooke Showers
Matilda cashes up

The sale comprised 10,000 tonnes of HM concentrate and was made to China's largest mineral sands processor, Tricoastal Minerals, through an existing contract in which it acquires all HM concentrate from...

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