
Riding the weak dollar
By Samantha James DIATREME Resources is relying on a forecast increase in mineral sands demand and the weak Australian dollar to aid its flagship Cyclone project, in WA’s Eucla Basin, on the road to production. According to UK-based industry forecaster Artikol, mineral sands demand is expected to expand by up to 4.1 per cent per annum through 2020, with the weak Australian dollar set to aid Australian producers. At the 2015 Informa Mineral Sands Conference, Artikol predicted estimated mineral sands demand growth based on growing demand from Asia, Latin America and Southeast Asia. Iluka Resources – the world’s largest mineral sands producer and Diatreme’s main competitor in the Eucla Basin – also indicated that positive demand fundamentals included urbanisation trends, increasing consumption...