Tronox Inc. (TROX)

[titaniuminvestor]

The Kwinana assets in Australia are worth a lot. This is a 50%/50% venture between Tronox and Exxaro. It is a very low cost producing plant sitting in the growth region of the world, Asia. They are sold out and raising prices aggressively now.

Also, an expansion at Kwinana by an additional 40,000mt will come on line in Q2. Couldn't happen at a better time. Prices will be even higher by that time. Current capacity at Kwinana is about 110,000 metric tonnes per year, going to 150.000 tonnes.

Botlek is probably more of a break even asset to slightly positive but getting better as prices rise.

Interestingly, I think Tronox has been withholding intercompany receiveables transfer back to Tronox USA due to the bankruptcy. This raises many questions as to why they would be doing this.