Tronox shareholders have approved the transaction agreement for Tronox to acquire Exxaro Resources’ mineral sands assets. Tronox plans to combine the acquired business with its existing businesses under a new Australian holding company, Tronox Ltd. Under the terms of the transaction, Exxaro will receive approximately 38.5% of the voting securities of Tronox Ltd as consideration for its mineral sands business, and the mineral sands business will be contributed on a debt-free basis.

As a result, Tiwest Joint Venture (50% Tronox, 50% Exxaro) has announced a name change effective June 2012. It will now be known as Tronox Management, reflecting the aforementioned transaction.