Sierra Rutile Limited (SRX LN)

Sierra Rutile Limited, a mineral sands company, explores for, produces, and markets rutile and related by-products primarily in the Middle East/Asia, Europe, North and South America, and Africa. The company offers rutile, a feedstock used in the manufacture of white pigment for paint, plastics, and paper industries; and by-products, such as ilmenite for use as a lower-grade feedstock in pigment manufacture, and zircon for use in the ceramics industry, as well as other concentrates. It has interests in the Sierra Rutile mine consisting of 19 rutile deposits covering an area of 560 square kilometers located near the Imperri Hills, south west of Sierra Leone. It is also involved in the palm oil, rubber and cacao plantations to a scale of approximately 2,500 hectares, as well as in the construction and operation of an oil palm mini-mill. The company was formerly known as Titanium Resources Group Ltd and changed its name to Sierra Rutile Limited in February 2011. Sierra Rutile Limited was founded in 1971 and is based in Freetown, Sierra Leone. Sierra Rutile Limited is a subsidiary of Pala Minerals Limited.