here's the new man from Syncrude
Titanium names Oxenford senior VP, oil sands operations
Titanium Corp Inc TIC
Shares issued 18,922,560 Jan 6 close $1.72
Wed 7 Jan 2004 News Release
Mr. George Elliott reports
TITANIUM CORPORATION ANNOUNCES NEW SENIOR VICE-PRESIDENT TO GUIDE
COMMERCIALIZATION OF MINERAL SAND PROCESSING TECHNOLOGY
Titanium Corporation has appointed John Oxenford to the position of senior
vice-president, oil sands operations, of the corporation's mineral sand
processing project. Mr. Oxenford is one of Canada's leading experts in
mineral sand processing technology and is an acknowledged expert in the
mineral sands and oil sands industries.
Titanium Corporation announced in December, 2003, its plans to invest
$5-million to build Canada's first mineral sand processing facility at the
Regina Research Park in Saskatchewan. This plant is being built in
conjunction with the Saskatchewan Research Council, which has for over 25
years provided scientific research to Syncrude. The pilot plant will
confirm Titanium Corporation's proprietary technology to produce high-grade
titanium bearing minerals and zircon from Syncrude's centrifuge plant
tailings in Fort McMurray, Alta.
Mr. Oxenford's most recent position was as Syncrude's senior technical
adviser. With his background in mineral sands operations, Mr. Oxenford's
experience was key in the development of the relationship between Syncrude
and Titanium Corporation. Mr. Oxenford has more than 20 years experience
with Syncrude, overseeing long-term projects and examining ways to speed up
technology transfer processes from research lab to operations.
"Given that Titanium Corporation expects to begin commercial production in
2006-2007, John Oxenford, with his 30-plus years in extractive industries,
will be invaluable in directing the transition from pilot plant to
full-scale production," said Titanium Corporation chairman and chief
executive officer, George Elliott. "Under Mr. Oxenford's guidance, the
process will blend existing Canadian oil-sand processing technology with
conventional mineral sands processing technology. This will bring Titanium
Corporation one step closer to being able to recover one of the world's
most valuable natural resources that has so far been going to waste.
Recovery of these resources will satisfy the requirement of the titanium
and zircon industries for a long-term, secure supply of high-grade
concentrates."
The pilot plant is expected to be in operation by spring, 2004, and will
process up to five tonnes per hour of titanium and zircon bearing sand from
Syncrude's centrifuge plant tailings stream to yield marketable titanium
bearing mineral and zircon products. The plant is the culmination of more
than three years of dedicated research and development work by Titanium's
world-class metallurgical team and will serve as the basis for the design
of a commercial-scale mineral sand operation using Titanium Corporation's
patent-pending technology.
About Syncrude Canada Ltd.
The Syncrude project is a joint venture operated by Syncrude Canada Ltd.
and owned by, Canadian Oil Sands Limited Partnership, Canadian Oil Sands
Limited, Conoco Phillips Oilsands Partnership II, Imperial Oil Resources,
Mocal Energy Limited, Murphy Oil Company Limited, Nexen Inc. and
Petro-Canada Oil and Gas.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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