Dec 23 (Reuters) - Mineral Deposits Ltd MDL.AX :
* Reference is made to recent disclosures in respect of incident that occurred at Tizir Titanium and iron ilmenite upgrading facility
* Tizir expects to commence production by mid-january 2017 and ramp up to commercial volumes over approximately four weeks
* TTI has agreed with its insurer on a full and final settlement of NOK305 million
* Relining of furnace and preparation for return to operations is proceeding according to plan Source text for Eikon: Further company coverage: MDL.AX