(1) In the mid-2000s, Madagascar had given the green light to two large-scale mining projects: Ambatovy , a $8bn (£6.4bn) nickel and cobalt project developed by a consortium led by Sherritt International, and QMM , a $1bn ilmenite project developed by Rio Tinto.
Menaccanite
Definition:
(n.) An iron-black or steel-gray mineral, consisting chiefly of the oxides of iron and titanium. It is commonly massive, but occurs also in rhombohedral crystals. Called also titanic iron ore, and ilmenite.