Doral Fused Materials (DFM) was established in October 1990 as a joint venture between Japan Abrasive Company (JACO) and Doral Mineral Industries Limited (DMIL).

DFM's first product was a high purity, white fused alumina raw material used for steel making refractories for the Australian and Japanese markets. The initial alumina furnace was commissioned in September 1991 while a second alumina furnace was built and commissioned in January 1995.

During this period DFM sourced Japanese technology to build a fused zirconia facility which was commissioned in November 1994. This plant was designed to initially produce high quality, fused zirconia for steel and glass making refractories but later developed products for use in ceramic colours applications.

Separately, Doral Mineral Sands Pty Ltd (DMS) was established in 2001 to mine heavy mineral sands at its Dardanup operation and process the minerals through a mineral separation plant in Picton. Its current operations include Yoongarrillup near Busselton and more recently, as at 1 July 2019, acquired the Keysbrook mineral sands project from MZI Resources, located at Keysbrook, in the Peel region of Western Australia.