MELBOURNE, AUSTRALIA — (Marketwire) — 07/27/11 — ERAMET and Mineral Deposits Limited (TSX: MDM)(ASX: MDL) ("MDL") announced today that they have signed the definitive agreements for the creation of a joint venture to combine ERAMET Titanium & Iron ("ETI") and MDL-s Grande Cote Mineral Sands Project ("Grande Cote").As proposed in the terms of the Memorandum of Understanding announced on 20 June 2011, ERAMET and MDL will both hold 50% of the shares of the new