ASX Release 21 October 2013 Third Quarter 2013 Operations Review MDL owns 50% of TiZir Limited which owns an ilmenite upgrading facility in Tyssedal, Norway and the Grande C?te Mineral Sands Project in Senegal, West Africa. Overview Grande C?te? Construction now 90% complete - we are in the home stretch! ? Power station is operational ? Trains (2 locomotives, 42 rail cars and 10 flat beds) are now in service ? Achieved another 4 million man hours Lost Time Injury free ? Dredge control system (Hatch designed) won Western Australia Engineering Excellence Award ? Project remains on track for commissioning in first quarter 2014 Tyssedal? A very strong quarter of titanium slag sales, with over 70kt sold - resulting from increased sales to regular European customers as well as a carry-over shipment from 2012 ? As has been common throughout the sector, some further weakening in prices was experienced in the third quarter relative to the second quarter, however pricing has now stabilised Outlook? Titanium slag production of 185-190kt is now expected for 2013 - this slightly lower projection is a result of some unplanned maintenance on the pre-reduction rotary kiln during October ? Titanium slag sales of approximately 195kt is now expected for 2013 - a strong finish to the year given sales of only 80kt at the half year mark ? Pigment producer commentary is indicating pigment inventories are now at more normal levels (compared to around double normal levels late-2012), giving rise to expectations that 2014 will be a year of normal feedstock demand An extensive video on Grande C?te's construction to date is available on the MDL website at www.mineraldeposits.com.au  To read today's full announcement click here.
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