IDM to Ship 11,000 Tons of SpheriChrome™ to China
COOS BAY, Ore., June 13, 2012 /PRNewswire/ -- IDM International Limited ("IDM") (OTCQX: ILMCY) (ASX: IDM), a minerals processing company focused on developing the Southern Oregon Mineral Sands Project, announces loading of its first large bulk shipment is planned to begin June 20, 2012. The 11,000 tons of SpheriChrome™ is now staged at a dock and warehouse facility in Coos Bay for loading next week and bound for China. This shipment of SpheriChrome™ is being purchased by a leading marketing company in the mineral sands industry.
"The customers recognize that IDM produces high-quality foundry sand suitable for challenging foundry applications," said Brianna Hanson, Director of Marketing of IDM. "This material is destined for a number of foundries in China and we are looking forward to further market acceptance in the large Chinese foundry industry similar to what IDM has achieved in North America."
Mr. Wayne Knott, the Company's new Chief Operating Officer, commented: "The plant modifications have been progressing well and production levels have increased. It is expected that the modifications and enhancements will support the ongoing marketing efforts by providing increased certainty in both product quality and quantity. The bulk shipment and improved plant performance are gratifying events to conclude an otherwise challenging start-up year for the Company. We are looking forward to improved results as we begin our next fiscal year."
SpheriChrome is a specialty casting sand mined in Coos Bay Oregon State by Oregon Resources Corporation, a wholly owned subsidiary of the Company. It became available in the fall of 2011 and is a chromite sand with a round grain structure and is finer than typical chromite sand making it unique. The United States distributor is HA International. In the USA foundry industry publication 'Modern Castings' a short article was published this month describing the product, some applications and its use by Columbus Castings, the largest single-site steel foundry in the world. We are seeking similar market application in China.
About IDM International Limited
IDM International Ltd, through its wholly-owned subsidiary Oregon Resources Corporation, is developing the 2,600-acre Southern Oregon Mineral Sands Project for heavy minerals near Coos Bay, Oregon. Plant commissioning is underway and producing a suite of heavy minerals such as zircon, ilmenite and garnet with the principal product being a unique premium grade chromite called SpheriChrome™, destined for the international foundry markets.
IDM International Limited
Barry Bolitho, Chairman
+61 (0) 409 153 150
SOURCE IDM International LimitedBack to top