| raymondboulle - Mauritius Kestrel, Black River Gorges National Par. ... Mauritius Kestrel - Jean -Raymond Boulle Mauritius Kestrel · You must have flash to see this ... |
January 2010
01/29/2010
01/27/2010
Titanium Resources rutile production soars 96.8% in Q4, 2010 shipment prices climb 6%
-->Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group's operations historically accounted for over 65 per cent of the exports of Sierra Leone.Tuesday, January 26, 2010Titanium Resources rutile production soars 96.8% in Q4, 2010 shipment prices climb 6%
-->
Titanium Resources Group (AIM: TXR) said its rutile production at the Sierra Rutile mine in Sierra Leone soared 96.8% quarter on quarter to 21,514 tonnes in Q4 2009, bringing the total for the year to 63,864 tonnes, which was in line with expectations.
The company’s ilmenite and zircon production for the full year reached 15,161 tonnes and 8,501 tonnes respectively.
Titanium Resources has also achieved price increases of 4 to 6% with customers for the majority of confirmed shipments for 2010 production. In the last quarter, the company bought a new IMS Versi-Dredge for US$1.1 million, which is expected to reduce the negative impact of mineral slime problems at the Lanti South Pond, which have affected volumes during the last year.
The Versi-Dredge will be deployed to increase overall production at the Mogbwemo tailings area which contains a mineral resource of approximately 18 million tonnes at an average rutile grade of 0.94%. The company added that the developments associated with November’s placing to raise US$25 million, which include Dredge D3 and upgrades to the wet plant and the land plant, were continuing with the progress set to be reported in the full results statement.
Register here to be notified of future Titanium Resources articles.
Other Titanium Resources news
19/11/09 Arbuthnot maintains 'buy' recommendation and 20p target for Titanium Resources after placing
16/11/09 Titanium Resources raises £15.1 million for Sierra Rutile mine
20/04/09 Titanium Resources promotes Jean Charles to CFO role
20/01/09 Titanium Resources returns from suspension, shares plunge
01/26/2010
Titanium Resources Group: Appointment of Neil Gawthorpe as Marketing Director
Titanium Resources Group
Appointment of Neil Gawthorpe as Marketing Director
26 January 2010: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce the appointment of Neil Gawthorpe to its senior management team as Marketing Director.
Mr. Gawthorpe, who joined TRG as Sales & Marketing Manager in 2008, has more than 12 years experience in international industrial minerals marketing covering a broad range of products and end-use sectors, including the refractories, polymers, oil drilling, glass, water treatment, ceramics, paint, feed and pharmaceuticals markets.
After completing a degree in Mineral Engineering at the University of Leeds, Mr. Gawthorpe has held marketing and technical positions at a number of large international minerals producers and trading companies such as Redland PLC, Frank & Schulte GmbH and Minelco Group. He has significant experience of all aspects of marketing including managing bulk and container logistics and his background as a Mineral Engineer will enable him to continue supporting the work of the operations team at Sierra Rutile.
Prior to joining TRG, Mr. Gawthorpe ran an independent consultancy business sourcing and marketing a varied range of mineral products primarily for Chinese and Indian clients. Mr. Gawthorpe’s experience of Chinese and Indian markets will strengthen the Company’s ability to supply these important growth markets as production at Sierra Rutile increases.
Stuart Brown, Mr. Gawthorpe’s predecessor, will remain with the Company as a consultant. John Sisay, Chief Executive of TRG said:
“In his time with the Company Neil has demonstrated an in depth understanding of global rutile markets and played an important role in negotiating agreements with our major customers. I am convinced he will continue to add significant value to the Company in his new role.”
“I would like to thank Stuart for his hard work and commitment and am delighted that the Company will continue to benefit from his experience and understanding of titanium markets.”
ENDS
For further information:
Titanium Resources Limited
John Sisay, Chief Executive
Walter Kansteiner, Non-executive Chairman
Tel: +44 (0) 207 321 0000
Arbuthnot Securities
Nominated Adviser & Broker
John Prior
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke / Andy Mills
Tel: +44 (0) 207 321 0000
Titanium Resources Group
Titanium Resources Group operates the Sierra Rutile mine in the Republic of Sierra Leone, through its subsidiary Sierra Rutile Limited. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group’s operations historically accounted for over 65 per cent of the exports of Sierra Leone.
01/24/2010
Jean-Raymond Boulle
Jean-Raymond Boulle
Recent Comments