Tronox Limited reported third quarter 2013 revenue of $491 million, up 1 percent versus $487 million in the third quarter 2012 and down 6 percent versus $525 million in the second quarter 2013.

 

Mineral Sands segment revenue of $245 million was 10 percent lower than $272 million in the third quarter 2012.Compared to the second quarter 2013, sales volumes for titanium feedstock (CP titanium slag, synthetic rutile and rutile prime) increased 2 percent and selling prices declined 14 percent.

 

Pigment segment revenue of $300 million increased 7 percent versus $280 million in the year-ago quarter driven by a 33 percent sales volumes increase, partially offset by 20 percent lower selling prices and lesser impacts of mix and foreign exchange. Strong volume gains were realized in all three major regions, led by gains in Asia-Pacific. Relative to the second quarter 2013, sales volumes were level and selling prices declined 1 percent.

 

During the third quarter, 100 percent of Pigment segment feedstock purchases were from the Mineral Sands segment at an average cost of $1,038 per metric ton. Relative to the second quarter, finished pigment inventory remained level and the average plant utilization rate increased.