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titaniuminvestor

06/07/10 9:56 AM

#3443 RE: pinkyringcapital #3442

Pinky, TiWest is not reflected in the MOR, nor is the Botlek plant in Europe which remains a part of Tronox today.

The MOR only reflects only the US operations which are in bankruptcy. Europe operations (Botlek) and Australia operation (TiWest) are on a different balance sheet.

So, in the US, the income comes for the Hamilton assets and the small chemicals business. Savannah plant is for the most part shut down, but is part of the consolidated US business.