- Business
- PYX Resources Limited, an Australia-based mineral sands company founded in 1996 and headquartered in Sydney, engages in the exploration, mining, processing and sale of premium zircon, rutile, ilmenite, leucoxene and monazite-rich zircon concentrate from its Mandiri and Tisma deposits in Central Kalimantan, Indonesia. The company produces high-grade zircon, the mainstay mineral with the highest commercial value, alongside titanium dioxide minerals including rutile, ilmenite and leucoxene; it sells these products to customers in the Americas, Asia, China and Europe, positioning it as the world's third-largest producing mineral sands company by zircon resources of 10.5 million tonnes. PYX Resources operates large-scale, near-surface open pit deposits in the alluvium-rich region of Indonesia and maintains offices in Sydney, Palangka Raya, and Hong Kong. In recent developments, the company received modified export licences for ilmenite in March 2024 and rutile in September 2024, enabling first exports of ilmenite in March 2024, rutile in October 2024, and monazite-rich zircon concentrate in May 2024; it connected its Mandiri mineral separation plant to the local electric grid in May 2024, reported a 46% year-on-year increase in total sales volume to 16,560 tonnes for FY2024, secured Mandiri RKAB licences for 2024 and 2025 in January 2024, and earned a Gold Award for ESG Excellence in June 2024.