In 2011, Arkein International identified a titanium bearing slag owned by Evraz Highveld Steel and Vanadium (www.highveldsteel.co.za), a subsidiary of Evraz Plc (www.evraz.com) located in South Africa and appointed Hatch (www.hatch.ca) to conduct feasibility studies aimed at developing a viable business model to extract the titanium and produce a coated rutile titanium pigment.  Nyanza Light Metals (Pty) Ltd is company that was set up jointly by Arkein International (80%) and Evraz (20%) to develop the titanium pigment project.

• Project Country– Republic of South Africa.
• Current project stage – concluded scoping study (FEL1) and now at an advanced pre-feasibility stage (FEL2).
• Secured resource size of 10 million tons of an available 35 million tons.
• Life of project on secured resource of 40 years (> 100yrs on available resource).
• Production target at steady state of 50,000 tons per annum of titanium pigment.
• Long term titanium pigment price forecast of US$3,800 – 4,000 per ton  (tzmi.com).
• Forecast Steady state revenue of US$ 300 million per annum.
• Total feasibility costs – US$ 9.5 million (2% of Project funding).
• Project total funding at financial close – US$400 million.
• Ungeared project internal rate of return (IRR) above 40%.
• Construction date  – 1st Quarter 2016.
• Commissioning date – 1st quarter 2018.