Latest Mineral Sands Market News

Sheffield Resources faced a tough March quarter at its Thunderbird mine with a 17% drop in ore mined and a 13% decline in concentrate production, prompting management changes and a recovery plan amid ongoing loan restructuring talks.

Iluka Resources scaled back mineral sands output in Q1 2026 amid operational idling and market caution, while capital expenditure on its Eneabba rare earths refinery hit $977 million with commissioning progressing.

Image Resources NL has extended its prepayment facility term to December 2026 and negotiated a six-month repayment holiday to ease cashflow pressures amid a soft mineral sands market.

Iluka Resources posted a net loss of $288 million in 2025 amid subdued mineral sands demand but progressed key projects including the Balranald mine commissioning and Eneabba rare earths refinery construction.

Iluka Resources is set to report a hefty $565 million pre-tax charge in FY25, driven by impairments and inventory write-downs amid ongoing weak demand for mineral sands products.

VHM Limited has made significant strides in developing its Goschen Rare Earths and Mineral Sands Project, securing substantial funding and critical regulatory approvals while expanding its resource base.

Titanium Sands Limited has lodged an Industrial Mining License application for its Mannar Heavy Minerals Project in Sri Lanka, marking a pivotal step towards production. The project boasts a substantial mineral resource and is progressing through environmental and feasibility milestones despite recent cyclone delays.

Sheffield Resources announces a $6.5 million contribution to support the Thunderbird Mineral Sands Mine as Kimberley Mineral Sands navigates ongoing debt restructuring discussions with lenders.

Astron Limited has achieved major milestones for its Donald Rare Earth and Mineral Sands Project, including government recognition and conditional financing, setting the stage for a Final Investment Decision by year-end.

Image Resources NL reported a strong third quarter in 2025 with significant increases in heavy mineral concentrate production and sales at its Atlas project, despite challenging weather and port delays. However, the company has trimmed its shipment guidance for the year due to weaker market conditions and logistical issues.

Image Resources has trimmed its heavy mineral concentrate sales guidance for 2025 by around 9%, citing weaker demand and logistical challenges, while extending repayment terms on prepayment facilities.

Sheffield Resources has reported a record quarter at its Thunderbird Mineral Sands Mine, with significant increases in ore mined and concentrate production, signaling a strong operational turnaround.