Sierra Rutile Limited officials are in South Africa attending the Indaba presentation where they were set to make a presentation of the company’s overall operations.
Investing in African Mining Indaba is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa. It is currently the world’s largest mining investment event and Africa’s largest mining event.
The Mining Indaba Investment Discovery Forum is a companion conference to the Mining Indaba and is private for qualified investors and mining companies. The value of quality corporate presentations combined with a focus on matching top management executives with premier investors creates the perfect environment for deal-making.
Now, as global economies strive to recover, investment professionals must seek out the new and immediate opportunities available to them. This pre-conference forum is a highly-detailed and in-depth executive-level meeting with a lot of extra horsepower on deal-discovery. The Investment Discovery Forum will provide investors a concentrated venue to get the detailed briefing they need on mining companies on the continent.
The Chief Executive Officer (SRL) John Sisay is expected to make a presentation about his company, Sierra Rutile that is a well-established, fully-integrated mineral sands operation in Sierra Leone and the world’s largest natural rutile deposit, wholly-owned multi-mine operation, fully-integrated infrastructure supports product delivery to international markets.
It is the second largest producer of natural rutile globally of high-grade feedstock for pigment manufacturing and titanium metal; also produces ilmenite, a lower grade pigment feedstock, and zircon, used in the ceramics industry. Strong and diverse customer base including all primary chloride-based titanium pigment manufacturers and producers of high-specification quality titanium metals.
Sierra Rutile’s primary product is natural rutile, a titanium feedstock, also known as TiO2 feedstock mainly used for the manufacture of TiO2 pigment. Natural rutile is one of a number of TiO2 feedstock in the production of white pigment, used to manufacture paint, plastics and paper. Other feedstock include ilmenite, synthetic rutile, leucoxene and titanium slag. TiO2 pigment is preferred due to its attractive characteristics of high brightness and opacity, surpassing any substitutes.
Natural rutile is the premium feedstock for the chloride process, the preferred TiO2 pigment processing method. TiO2 feedstocks are processed by either the chloride or the sulphate process and the chloride process is favoured, as it is more efficient, cleaner and lower cost. It consumes less energy, generates less waste and is environmentally friendly. It requires use of high-grade feedstock such as natural rutile, synthetic rutile or chloride slag.
Sierra Rutile has maintained a strong balance sheet through its previous expansion and a challenging market environment. It’s performance during the Ebola outbreak
highlights a resilient, well-run operation, contrast to other West African mining operations which struggled to contain costs and overcome operating challenges. The ongoing focus on protecting employees, contractors, and the local community has been paramount as the entire mining area has been free from ebola.
Friday February 13, 2015