Outgoing Sierra Rutile finance director Martin Alciaturi has reflected on a whirlwind year for the company, which ceased Australian Securities Exchange trading on Thursday.
Mineral sands producer Sierra Rutile has entered into an agreement with Sierra Leone-based Leonoil, a week after receiving an unsolicited off-market takeover bid from the company.
Leonoil Company Limited has made an unsolicited bid for Sierra Rutile, weeks after the mineral producer signed a binding agreement over Gemcorp's takeover.
Sierra Rutile shareholders have backed Theuns de Bruyn to remain as the company's managing director and chief executive officer, following a vote at its extraordinary general meeting on Tuesday afternoon.
Sierra Rutile has announced that production at its recently restarted Area 1 operations in Sierra Leone has been partially impacted due to unlawful – yet so far peaceful – strike action from yesterday.
Sierra Rutile managing director and chief executive officer Theuns de Bruyn says the company's Sembehun project in Sierra Leone has the potential to provide long-term financial success.
Sierra Rutile directors have formed a preliminary view that an on-market takeover from US-based Gerald Group, which owns bidder PRM Services, is an opportunistic and inadequate offer.
Sierra Rutile has advised its investors to not take any action following news that the mineral sands producer has received an on-market takeover offer from US-based Gerald Group.
Mineral sands producer Sierra Rutile remains hopeful of reaching an agreement with the government of Sierra Leone regarding amendments to the fiscal regime agreement between the parties.
Hundreds of jobs at Sierra Rutile will be made redundant after the mineral sands producer announced plans to slash a quarter of its workforce and suspended mining activities.
Mineral sands producer Sierra Rutile announced on Monday it will suspend its Area 1 operations in west Africa from March 11, following a decision by the Sierra Leone government to renegotiate terms of their third amendment agreement.
Mineral sands producer Sierra Rutile has again lowered its production guidance and has pushed back any investment decision on one of its assets in West Africa.
Our board moves wrap includes Kristie Young, Andrew Strickland, Jonathan Downes, Josh Merriman, Catherine Grant-Edwards, Melissa Chapman, Melissa North, Liesl Ellies, Patrick O'Connor, Sonu Cheema, Matthew Foy, and Guy Debelle.
Iluka Resources spin-off Sierra Rutile Holdings has cut its guidance outlook for the 2023 financial year citing operational challenges and softening market demand.
Sierra Rutile could be more than $6 million out of pocket after unsuccessful attempts to appeal a 2021 Sierra Leone High Court decision that found the ASX-lister allegedly damaged logistics equipment.
Iluka Resources intends to demerge its rutile business in West Africa, while Northern Star is set to pocket $44.5 million from divesting two gold projects.
Mineral sands miner Iluka Resources has cast doubt on its planned $375 million takeover of Sierra Rutile after detecting geotechnical risks at the West African company's tailings dams.
