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.
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 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.
Iluka Resources spin-off Sierra Rutile Holdings has cut its guidance outlook for the 2023 financial year citing operational challenges and softening market demand.
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.
