Cristal Mining was formerly named Bemax Resources Limited (Bemax) and was listed on the Australian Securities Exchange (ASX).
Cristal Mining, under its former name Bemax, was incorporated in Australia in 1987 and has grown through successful exploration and acquisitions, including the acquisition of the Western Australian-based Cable Sands group in May 2004. Cable Sands, which continues to operate as a subsidiary of Cristal Mining, is one of Australia's first Titanium minerals producers, having commenced production in 1956.
In late 2004 and early 2005, Bemax commenced construction of the Ginkgo Mine and Broken Hill mineral separation plant in the Murray Basin. Heavy mineral concentrate production at the Ginkgo Mine commenced in December 2005 and commissioning of the Broken Hill mineral separation plant occurred in February 2006.
In 2006 Bemax became the largest producer of leucoxene, the third-largest producer of rutile and the seventh-largest producer of zircon globally, and is now recognised as one of Australia's premier mineral sands miners.
In 2008, Cristal Australia Pty Ltd acquired all of the shares in Bemax via an off-market takeover bid and Bemax was removed from the ASX official list of listed companies.
Cristal Australia Pty Ltd is a wholly-owned subsidiary of the National Titanium Dioxide Company Limited (Cristal). Cristal is a private company with headquarters in Jeddah, Kingdom of Saudi Arabia.
In 2012, Bemax changed its name to Cristal Mining to clearly bring it under the Cristal corporate banner.