JOHANNESBURG (miningweekly.com) – Aim-listed mineral sands miner Sierra Rutile on Tuesday reported the achievement of two milestones – the resumption of rutile sales into the titanium metals market and the completion of construction at its Gangama dry mining project, in Sierra Leone.
The resumption in rutile sales into the titanium metals market followed several years of subdued demand and Sierra Rutile expected demand for high-grade titanium feedstocks to continue strengthening.
Meanwhile, plant commissioning had started at the company’s Gangama project, with commercial production to start during the second quarter of this year.
The project remained on time and within budget.
“The completion of the construction phase of Gangama represents a significant derisking step as the project nears commercial production, while the recommencement of sales into the titanium metal market marks the re-emergence of a key end market for Sierra Rutile's premium product.
“We are very pleased to announce these two significant milestones, as they further demonstrate Sierra Rutile's continued record of delivering on its stated goals,” commented CEO John Sisay.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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