QIT Madagascar Minerals (QMM), a partnership between the Government of Madagascar (20%) and Rio Tinto (80%), was given the green light in 2005 to develop an ilmenite (titanium dioxide) mine near Fort-Dauphin in South East Madagascar. Mine production is due to start in 2009, with an initial capacity of 750,000 tons per year. And it has the potential to ultimately yield 10% of production across the globe. At a cost of 850 million U.S. dollars, the

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