Though diverse, industrial minerals markets have largely been in decline throughout 2015 and 2016 due to falling demand in major markets, declining oil prices, and oversupply. In June, I attended the Industrial Minerals’ International Congress (IMIC) in the Czech Republic. It was not a happy place, with a subdued atmosphere and producers, consumers, traders, and processors all feeling the effects of reduced market activity.
I-Minerals Inc. is in the process of developing a suite of high-value mineral products from a deposit called the Bovill Kaolin Project. The deposit is located in Bovill, Idaho, a small town that sits at the junction of Idaho State Highways 3 and 8 in the northern part of the state, 2,000 miles west and north of the Tennessee clay fields and 5,000 miles west of the Spanish K-spar mines.