SIERRA RUTILE LIMITED
Sierra Rutile Limited (formerly Titanium Resources Group) is a London Stock Exchange (AIM) company established by Jean Boulle in 2004, which, when it was listed, comprised Sierra Rutile Limited, its titanium subsidiary and Sierra Minerals Limited, its bauxite subsidiary. Sierra Rutile Limited was acquired by Iluka Resources in 2016 for A$375m. Sierra Rutile Limited owns and operates the Sierra Rutile titanium dioxide mine in Sierra Leone and directly employs approximately 1,000 people. With a license area covering 580 square kilometers, the mine contains one of the world’s largest and richest high-grade titanium dioxide resources, with measured, indicated and inferred resource base of 841 million tonnes grading an average 1.01% rutile. It is the world’s largest primary rutile mine. The company has constructed a self-sufficient mine which maintains its own infrastructure and ancillary services, including power, water and sanitation, housing, roads, and port facilities. In 2013 Sierra Rutile was the world’s second largest producer of high-grade rutile, accounting for approximately 23% of world production. The company also produces approximately 32,000 tonnes of ilmenite and approximately 12,000 tonnes of zircon per year.
Sierra Minerals Ltd. (SML) operates the Sierra Minerals bauxite mine in Sierra Leone. Covering a license area of approximately 321 square kilometers, the mine produces approximately 1,200,000 tonnes of bauxite per year and employs approximately 350 people. In 2008, Sierra Minerals was acquired from the Jean Boulle Group by Vimetco NV., the 7th largest aluminum producer in the world. bauxite.vimetco.com