14 Oct 2010 15:46
Titanium Resources Group Ltd
Appointment of Non-Executive Director
14 October 2010: The Board of Titanium Resources Group Ltd ("TRG" or "the Company") is pleased to announce that it today appointed Michael Brown as a Non-Executive Director of the Company with immediate effect.
Mr. Brown is the Chief Operating Officer of De Beers Consolidated Mines Ltd ("DBCM"), the South African mining operation of the De Beers Group. Mr. Brown has worked at De Beers since 1990, holding a number of senior positions including Head of Strategic Business Development at DBCM, General Manager of the Finsch Mine and Mine Manager at NAMDEB.
He has held his current position since June 2008, and is accountable to the Managing Director and DBCM Board for all operations in South Africa, including: production at 5 separate mines, the delivery of construction projects, strategic business development and health, safety and environmental control.
Mr. Brown has managed a number of significant projects at De Beers including the restructuring of DBCM in 2009 in response to the global financial crisis, the construction and early delivery of the R1.3 billion Voorspoed mine and the design and implementation of a new business model for DBCM.
Mr. Brown has over 25 years experience working across the African mining sector, having graduated from the University of the Witwatersrand with a B.Sc. in Mining Engineering.
Mr. Brown is a registered Professional Engineer (Pr. Eng) with the South African Council of Professional Engineers and a member of the South African Institute of Mining and Metallurgy.
Mr. Brown was nominated to the Board by Pala Investment Holdings Limited ("Pala") under the terms of the agreement with TRG announced on 15 September 2010 following Pala's investment in the Company
Wayne Malouf, Executive Chairman, said:
"I would like to take this opportunity to welcome Michael to the Board of TRG. His extensive experience of operating mines across Africa will be invaluable for the Company."
ENDS
For further information:
Titanium Resources Group
Wayne Malouf, Executive Chairman
John Sisay, Chief Executive
Tel: +44 (0) 20 7321 0000
Arbuthnot Securities
Nominated Advisor
Richard Johnson / Hugh Field
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke / Andy Mills
Tel: +44 (0) 20 7321 0000
Titanium Resources Group
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 have historically accounted for over 65 per cent of the exports of Sierra Leone.
Other Information
Michael Martin Brown (aged 50) holds no direct beneficial interest in TRG ordinary shares nor TRG options. Mr Brown has held the following directorships and partnerships:
| Current | Basfour 3210 (Proprietary) Limited De Beers Marine (Proprietary ) Limited |
| Former within the past five years | De Beers Holdings Botswana (Proprietary) Limited
De Beers Botswana (Proprietary) Limited |
There are no additional disclosures to be made in relation to Mr Brown pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
14 October 2010