Part 3/8:
Shango Resources, a key player in this sector, is developing two significant heavy mineral sands projects in Victoria. They have secured contracts ensuring that 60% of one project's output goes to VHM, while holding a staggering 99.9% stake in another. VHM's leadership acknowledges that Shango's financial backing and technical expertise are vital for moving these projects forward. Yet, despite these promising developments, the raw sands extracted will still ultimately be refined in China, highlighting the intricate challenges Australia faces in establishing its own refining capabilities.