The Italian troops have it? English iron-titanium oxide? (8)

I believe the answer is:

ilmenite

I'm a little stuck... Click here to teach me more about this clue!

'iron-titanium oxide?' is the definition.
I can't tell whether this definition defines the answer.

'the italian troops have it? english' is the wordplay.
'the italian' becomes 'il' ('the' in Italian).
'troops' becomes 'men' (I've seen this in another clue).
'have' is a charade indicator (letters next to each other).
'english' becomes 'e' (abbreviation).
'il'+'men'+'it'+'e'='ILMENITE'

Can you help me to learn more?

(Another definition for ilmenite that I've seen is " black mineral".)

I've seen this clue in the Sydney Morning Herald.

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