Sierra Rutile Limited Sierra Rutile Welcomes Ebola Free Declaration (9431E)
09 November 2015 - 6:00PM
UK Regulatory
TIDMSRX
RNS Number : 9431E
Sierra Rutile Limited
09 November 2015
Sierra Rutile Limited
Sierra Rutile Welcomes Ebola Free Declaration in Sierra
Leone
London, UK, 9 November 2015: Sierra Rutile Limited (AIM: SRX)
("Sierra Rutile") welcomes the news that Sierra Leone has been
declared "Ebola free", meaning that there have been no new cases of
the Ebola virus in the country for 42 consecutive days. The World
Health Organisation made the announcement on Saturday, 7 November
2015.
Commenting on the news, Sierra Rutile's CEO, John Sisay,
said:
"The ebola-free announcement is an important milestone in the
history of Sierra Leone. It has been a challenging period for the
country and our company. Sierra Leone can now focus on rebuilding
its economy and harnessing our community spirit and national
ambition to bring back foreign investors, strengthen the private
sector, diversify its economic activity, and bring growth and
prosperity to the people of this country.
While Sierra Rutile experienced no cases of ebola and all our
employees stayed safe, there was a considerable strain on our
people and operations were, at times, impacted by indirect issues
associated with the outbreak. These impacts have been declining for
some time now, evidenced by October being Sierra Rutile's highest
ever month of rutile production of 13,710 tonnes and we remain on
track to meet our full year rutile production guidance. Looking
forward, we have some exciting further growth opportunities with
our Gangama and Sembehun expansion projects, and we are well placed
to benefit from any future uptick in mineral sands prices."
ENDS
For Further Information:
Sierra Rutile Limited
Matthew Hird, Chief Financial
Officer
John Nagulendran, Company +44 (0)20
Secretary 7074 1800
Kreab
Marc Cohen / Christina +44 (0)20
Clark / Fiona Cumberland 7074 1800
Investec Bank
Nominated Adviser and
Joint Corporate Broker
Chris Sim / George Price +44 (0)20
/ Jeremy Ellis 7597 4000
RBC Capital Markets
Joint Corporate Broker +44 (0)20
Jonny Hardy 7653 4000
Numis Securities Limited
Joint Corporate Broker
John Prior / James Black +44 (0)20
/ Paul Gillam 7260 1000
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals
(primarily rutile, with some associated ilmenite), as well as
smaller quantities of zircon. Sierra Rutile's mines, located in the
south west of Sierra Leone, are based on one of the largest natural
rutile deposits in the world, with a JORC-Compliant Mineral
Resource for measured, indicated and inferred resources for the
Sierra Rutile mine of over 895 million tonnes (as at 30 September
2014).
www.sierra-rutile.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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