Diversified miner Exxaro Resources on Monday confirmed that NYSE-listed mining and inorganic chemicals company Tronox has completed the first stage of its redomiciliation, whereby it has acquired Exxaro’s remaining ownership interest in Tronox Sands for just over R2.06-billion, or about $148-million. Exxaro in 2012 merged its mineral sands operations with those of Tronox Sands and initially held about 38.5% of the merged entity. In 2017, it sold about 22.4-million Tronox Sands shares for about R6.5-billion.
