15 Apr 2013 07:00
Sierra Rutile Limited
Sierra Rutile Signs 70,000 Tonnes Sales Contract
London, UK, 15 April 2013: Sierra Rutile Limited (AIM: SRX) is pleased to announce that it has entered into a 70,000 tonne rutile supply agreement with a major pigment producer. The contract, valid until 31 December 2014, consists of seven 10,000 tonne shipments of rutile (one per calendar quarter) and successfully secures sales of a substantial portion of Sierra Rutile's production for the remainder of 2013 and into 2014.
ENDS
For Further Information:
Sierra Rutile Limited Yves Ilunga Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonny Hardy
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+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
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+44 (0)20 7321 2508 |
Kreab Gavin Anderson Marc Cohen / Robert Speed |
+44 (0)20 7074 1800 |
Notes to Editors
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 mine, located in the south west of Sierra Leone, is 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 600 million tonnes (as at February 2011).
www.sierra-rutile.com
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