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Exhibit 10.24

AMENDMENT NO. 1 AND WAIVER

TO

REVOLVING SYNDICATED FACILITY AGREEMENT

AMENDMENT NO. 1 AND WAIVER, dated as of February 26, 2019 (this “Amendment”), to
the Revolving Syndicated Facility Agreement, dated as of September 22, 2017 (as
amended, supplemented or restated prior to the date hereof and including this
Amendment, the “Credit Agreement”), by, among others, Tronox US Holdings Inc., a
Delaware corporation, and certain of its Subsidiaries and Affiliates party
thereto, as U.S. Borrowers and Guarantors (collectively, the “Current U.S.
Borrowers”), Tronox Limited (ACN 153 348 111), an Australian public limited
company incorporated in the Commonwealth of Australia, and certain of its
Subsidiaries party thereto, as Australian Borrowers and Guarantors
(collectively, the “Current Australian Borrowers”), Tronox Pigments (Holland)
B.V., private company with limited liability under Dutch law (besloten
vennootschap met beperkte aansprakelijkheid), having its official seat
(statutaire zetel) in Rozenburg, Zuid-Holland, the Netherlands, having its
registered office address at Professor Gerbrandyweg 2 (3197 KK) Botlek
Rotterdam, the Netherlands, registered with the Dutch trade register of the
chamber of commerce under number 24179173, and certain of its Affiliates party
thereto, as Dutch Borrowers and Guarantors (collectively, the “Current Dutch
Borrowers”; and together with the Current U.S. Borrowers and the Current
Australian Borrowers and any Additional Co-Borrowers who become party thereto,
collectively, the “Borrowers” and each, a “Borrower”), the Subsidiary Guarantors
party thereto, the Lenders, Wells Fargo Bank, National Association, as issuing
bank, as swingline lender, as administrative agent (the “Administrative Agent”)
for the Lenders and as collateral agent for the Secured Parties and as
Australian security trustee. Capitalized terms used and not otherwise defined
herein shall have the meanings assigned to such terms in the Credit Agreement.

WHEREAS, pursuant to Section 10.02(b) of the Credit Agreement, the Credit
Agreement may be amended, and Events of Default thereunder waived, in a writing
signed by the Borrowers, the Administrative Agent and the Required Lenders; and

WHERAS, the Borrowers wish to amend certain provisions of the Credit Agreement
on the terms set forth herein, and the Administrative Agent and the Lenders
constituting the Required Lenders under the Credit Agreement agree, pursuant to
Section 10.02(b) of the Credit Agreement, to such amendments and to the waiver
set forth herein.

NOW, THEREFORE, in consideration of the premises contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound hereby, agree as
follows:

Section 1.                          Amendment to Section 1.01.  Section 1.01 of
the Credit Agreement is hereby amended by:

(a)
deleting the following entities from the definition of “Unrestricted
Subsidiary”:  Tronox Sands LLP, Tronox Sands UK Holdings Limited, Tronox Sands
Investment Funding Limited and Tronox UK Finance Limited;

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(b)
adding the words “(other than, for purposes of Section 6.04, the Intercompany
Loans)” after the words “any Indebtedness” in the definition of “Subordinated
Indebtedness”;

(c)
adding the words “, and Tronox Sands LLP, Tronox Sands UK Holdings Limited,
Tronox Sands Investment Funding Limited and Tronox UK Finance Limited shall
constitute Restricted Subsidiaries” to the end of the definition of “Restricted
Subsidiary”; and

(d)
inserting the new defined term in the proper alphabetical order:

“Intercompany Loans” means (a) that certain Intercompany Loan, dated as of June
2012, between Tronox UK Finance Limited, as the lender, and Tronox Mineral Sands
(Pty) Ltd., as the borrower, in the approximate principal amount of ZAR 5,080
million, and (b) that certain Intercompany Loan, dated as of June 2012, between
Tronox UK Finance Limited, as the lender, and Tronox KZN Sands (Pty) Ltd., as
the borrower, in the approximate principal amount of ZAR 777 million.

Section 2.                          Amendment to Schedule 6.01(i).  Schedule
6.01(i) to the Credit Agreement is hereby amended, with effect as of the Closing
Date, by adding new items 14 and 15 below immediately after paragraph 13 on such
schedule:

“14. Intercompany Loan, dated as of June 2012, between Tronox UK Finance
Limited, as the lender, and Tronox Mineral Sands (Pty) Ltd., as the borrower, in
the approximate principal amount of ZAR 5,080 million.

15. Intercompany Loan, dated as of June 2012, between Tronox UK Finance Limited,
as the lender, and Tronox KZN Sands (Pty) Ltd., as the borrower, in the
approximate principal amount of ZAR 777 million.”

Section 3.                          Limited Waiver.  Subject to the conditions
set forth below, and in reliance on the representations, warranties, covenants
and other agreements contained herein, the Required Lenders hereby waive, with
effect as of the Closing Date, any Event of Default that may have occurred and
be continuing as a result of or in relation to the Borrowers’ omission on
Schedule 6.01(i) to the Credit Agreement as of the Closing Date to include the
Intercompany Loans (as defined in the Credit Agreement).

Section 4.                          Representations and Warranties, No Default. 
Each Loan Party hereby represents and warrants that as of the Amendment No. 1
Effective Date and after giving effect to the amendments set forth in this
Amendment, (i) this Amendment has been duly authorized, executed and delivered
by such Loan Party and constitutes, when executed and delivered by such Loan
Party, a legal, valid and binding obligation of such Loan Party, enforceable
against it in accordance with its terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors’ rights generally or by equitable principles relating to
enforceability, (ii) such Loan Party has the requisite power and authority to
execute, deliver and perform its obligations under this Amendment and each other
agreement or instrument contemplated hereby to which it is a party, and (iii) no
Default or Event of Default exists and is continuing.

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Section 5.                          Effectiveness.  This Amendment shall become
effective on the date (such date, the “Amendment No. 1 Effective Date”) that the
following conditions have been waived or satisfied:

(a)
The Administrative Agent shall have received executed signature pages hereto
from the Borrowers, the other Loan Parties, the Administrative Agent and the
Lenders constituting the Required Lenders;

(b)
The Administrative Agent shall have received a true and complete copy of
Amendment No. 1 to First Lien Term Loan Credit Agreement dated and in full force
and effect on or about the date of this Amendment; and

(c)
The representations and warranties set forth in Section 4 of this Amendment
shall be true and correct on and as of the Amendment No. 1 Effective Date.

Section 6.                          Post-Amendment No. 1 Effective Date
Covenant. On or prior to the date that is 90 days after the Amendment No. 1
Effective Date (unless otherwise extended by the Administrative Agent in its
sole discretion), if the Intercompany Loans have not otherwise been repaid in
full, the Administrative Agent shall have received a true and complete copy of
(a) Debtor Accession Deeds executed by Tronox Mineral Sands (Proprietary) Ltd,
Tronox KZN Sands Pty Ltd (each as Acceding Debtors) and the Collateral Agent,
and (b) a Creditor Accession Undertaking executed by Tronox UK Finance Limited
(as Acceding Intra-Group Lender) and the Collateral Agent, in each case under
the Intercompany Intercreditor Agreement (as referenced in Paragraph 4 of
Schedule 5.14 to the Credit Agreement as of the Closing Date).

Section 7.                          Counterparts.  This Amendment may be
executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this Amendment by facsimile or other
electronic means shall be effective as delivery of an original counterpart of
this Amendment.

Section 8.                          Governing Law; Waiver of Jury Trial, Etc..

THE PROVISIONS OF SECTIONS 10.09 AND 10.10 OF THE CREDIT AGREEMENT SHALL APPLY
TO THIS AMENDMENT MUTATIS MUTANDIS.

Section 9.                          Headings.  Section headings used herein are
for convenience of reference only, are not part of this Amendment and shall not
affect the construction of, or be taken into consideration in interpreting, this
Amendment.

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Section 10.                          Effect of Amendment.  The waiver expressly
included in Section 3 is a limited waiver and shall not be deemed or otherwise
construed to constitute a waiver of any other Default or Event of Default or a
consent to any other future breach of the Credit Agreement or any of the other
Loan Documents. The Lenders hereby reserve their rights under the Loan Documents
and applicable law in respect of such other Defaults or Events of Default and
other future breaches. Except as expressly set forth herein, this Amendment (i)
shall not by implication or otherwise limit, impair, constitute a waiver of or
otherwise affect the rights and remedies of the Lenders, the Administrative
Agent or any other Agent, in each case under the Credit Agreement or any other
Loan Document, and (ii) shall not alter, modify, amend or in any way affect any
of the terms, conditions, obligations, covenants or agreements contained in the
Credit Agreement or any other provision of either such agreement or any other
Loan Document or be construed as a novation thereof.  Each and every term,
condition, obligation, covenant and agreement contained in the Credit Agreement
as amended hereby, or any other Loan Document as amended hereby, is hereby
ratified and re-affirmed in all respects and shall continue in full force and
effect.  This Amendment shall constitute a Loan Document for purposes of the
Credit Agreement and from and after the Amendment No. 1 Effective Date, all
references to the Credit Agreement in any Loan Document and all references in
the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like
import referring to the Credit Agreement, shall, unless expressly provided
otherwise, refer to the Credit Agreement as amended by this Amendment.

Section 11.                          Acknowledgement and Affirmation.  Each Loan
Party party hereto expressly acknowledges that (a) all of its obligations under
the Security Documents and the other Loan Documents to which it is a party are
hereby reaffirmed and remain in full force and effect on a continuous basis and
(ii) its grant of security interests pursuant to the Security Documents is
hereby reaffirmed and remains in full force and effect after giving effect to
this Amendment.

Section 12.                          No Novation.  By its execution of this
Amendment, each of the parties hereto acknowledges and agrees that the terms of
this Amendment do not constitute a novation of, but rather a supplement to, the
terms of the pre-existing indebtedness and related agreements as evidenced by
the Credit Agreement.

[Remainder of page left intentionally blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective authorized officers as of the day and year first
above written.

 
U.S. BORROWERS:
       
TRONOX INCORPORATED
 
TRONOX LLC
 
TRONOX PIGMENTS LLC
 
TRONOX FINANCE LLC
       
By:
/s/ Timothy Carlson
 
Name:
 Timothy Carlson
 
Title:
Vice President and Chief Financial Officer
       
TRONOX US HOLDINGS INC.
       
By:
/s/ Timothy Carlson
 
Name:
Timothy Carlson
 
Title:
Chief Financial Officer

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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SIGNED, SEALED and DELIVERED by
)
Edward T. Prosapio
)
as attorney for
)
TRONOX PIGMENTS PTY LIMITED
)
(ACN 052 533 829)
)
under power of attorney dated 22 February, 2019
)
 
)
in the presence of:
)
 
)
/s/ Julie A. Constantinides
)
Signature of witness
)
 
)
Julie A. Constantinides
 
Name of witness (block letters)
       
/s/ Edward T. Prosapio
 
By executing this agreement the attorney states that the attorney has received
no notice of revocation of the power of attorney

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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AUSTRALIAN BORROWERS
)
 
)
SIGNED, SEALED and DELIVERED by
)
Edward T. Prosapio
)
as attorney for
)
TRONOX AUSTRALIA HOLDINGS PTY
)
LIMITED (ACN 155 254 274)
)
TRONOX AUSTRALIA PIGMENTS HOLDINGS PTY LIMITED
)
(ACN 155 120 728) )

TRONOX GLOBAL HOLDINGS PTY LIMITED
)
(ACN 154 691 826)
)
TRONOX LIMITED (ACN 153 348 111)
)
TRONOX PIGMENTS AUSTRALIA HOLDINGS
)
PTY LIMITED (ACN 155 235 304)
 
TRONOX PIGMENTS AUSTRALIA PTY LIMITED
 
(ACN 155 254 336)
 
TRONOX SANDS HOLDINGS PTY LIMITED
 
(ACN 154 709 332)
 
TRONOX HOLDINGS (AUSTRALIA) PTY LTD
 
(ACN 071 040 750)
 
TRONOX AUSTRALIA PTY LTD
 
(ACN 009 084 851)
 
TIO2 CORPORATION PTY LTD
 
(ACN 009 124 181)
 
YALGOO MINERALS PTY. LTD.
 
(ACN 008 948 383)
 
TIFIC PTY. LTD. (ACN 009 123 451)
 
TRONOX MINERAL SALES PTY LTD
/s/ Edward T. Prosapio
(ACN 009 344 094)
By executing this agreement the attorney states that the attorney has received
no notice of revocation of the power of attorney
TRONOX MANAGEMENT PTY LTD
(ACN 009 343 364)
TRONOX WESTERN AUSTRALIA PTY LTD
 
(ACN 009 331 195)
 
TRONOX WORLDWIDE PTY LIMITED
 
(ACN 158 561 061)
 
under power of attorney dated 15 September, 2017
     
in the presence of:
     
/s/ Julie A. Constantinides
 
Signature of witness
     
Julie A. Constantinides
 
Name of witness (block letters)

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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GUARANTORS:
       
TRONOX INTERNATIONAL FINANCE LLP
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Representative Board Member of Tronox Limited
       
TRONOX UK LIMITED
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director
       
TRONOX UK HOLDINGS LIMITED
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director
       
TRONOX FINANCE PLC
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director
       
TRONOX INTERNATIONAL HOLDINGS GMBH
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Chairman of the Management Board

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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TRONOX HOLDINGS COÖPERATIEF U.A.
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director A
       
By:
/s/ Anthony Martin Orrell
 
Name:
Anthony Martin Orrell
 
Title:
Director B
       
TRONOX WORLDWIDE PTY LIMITED, acting as Managing Partner of TRONOX HOLDINGS
EUROPE C.V.
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director
       
TRONOX PIGMENTS (NETHERLANDS) B.V.
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director
       
TRONOX PIGMENTS (HOLLAND) B.V.
       
By:
/s/ Steven A. Kaye
 
Name:
Steven A. Kaye
 
Title:
Director

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
as Lender

By:
/s/ Doreen Barr
   
Name:
Doreen Barr
   
Title:
Authorized Signatory
         
By:
/s/ Brady Bingham
   
Name:
Brady Bingham
   
Title:
Authorized Signatory
 

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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CITIBANK, N.A.,
as Lender

By:
/s/Allister Chan
   
Name:
Allister Chan
   
Title:
Vice President and Director
 

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Lender, Administrative Agent and Collateral Agent

By:
/s/ Peter Schuebler
   
Name:
Peter Schuebler
   
Title:
Vice President
 

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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Bank of America, N.A.,
as Lender

By:
/s/ Cynthia G. Stannard
 
Name:
Cynthia G. Stannard
 
Title:
Sr. Vice President

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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BARCLAYS BANK PLC,
as Lender

By:
/s/ Komal Ramkirath
   
Name:
Komal Ramkirath
   
Title:
Assistant Vice President
 

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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ROYAL BANK OF CANADA,
as Lender

By:
/s/ Sinan Tarlan
   
Name:
Sinan Tarlan
   
Title:
Authorized Signatory
 

[Signature Page to Amendment No. 1 and Waiver to Revolving Syndicated Facility
Agreement]

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