Mineral Commodities Ltd (MRC) continues to hold a 50% share in Mineral Sands Resources (MSR), the owner of the Tormin Mine. Following a maritime incident in July 2024, MRC ceased funding Tormin operations, and MSR was placed into business rescue on 6 August 2024. MRC lost control of MSR at that point. MSR is now in provisional liquidation, with the provisional liquidators exploring the sale of Tormin to a third party. MRC remains a major creditor of MSR due to intercompany loans.

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