RE: Pentagon wants Indonesian ZIRCON to bypass China6 Mar 2026 11:09
This is a dead parrot:
No licence
£2 million tax bill
£50 million corruption charge
PT Mandiri (the Indonesian subsiduary) director still in jail for corruption
No production for over a year (from the RNS):
In the first half of 2025, PYX did not undertake production activities. This decision was made in response to:
· Continued weakness in global mineral sands pricing;
· Elevated operating costs, particularly from third-party contract mining arrangements; and
· A steep increase in regional royalties from approx. US$8 per tonne to US$59 per tonne, as announced by PYX on 28 February 2025.
DYOR