A long history and exciting future:
Sierra Rutile merges with Iluka Resources.
Pala increases its shareholding in Sierra Rutile to 54.75%.
Government of Sierra Leone’s interest in Sierra Rutile’s operating subsidiary cancelled through cash payment of historical PAY taxes.
Dry Mining and Modbwemo Tailings (D2) projects announced. Commissioning of a feasibility study into a new large-scale dredge announced.
Maiden JORC-compliant rare earth resource in historical tailings announced.
- Early repayment of €13 million debt to the Government of Sierra Leone announced.
- Rare earth mineralization announced.
- Initial JORC-compliant resource of over 600 million tonnes of 1.29% rutile announced (measured, indicated and inferred at a 0.8% rutile cut-off grade).
- Titanium Resources Group changes name to Sierra Rutile Limited.
Pala Investments Holdings (Pala) becomes the largest shareholder in the company.
- New second dredge capsizes.
- Titanium Resources Group sells its Sierra Leonean bauxite subsidiary, Global Aluminium to Vimetco N.V.
New second dredge commissioned, with a target of taking production over 200,000 tonnes per annum of rutile.
Shipments of rutile re-commence.
Titanium Resources Group completes an initial public offering on the London Stock Exchange’s Alternative Investment Market.
Titanium Resources Group acquires the assets from Titanium Fields Resources Ltd.
Assets acquired by US Titanium Inc (to become Titanium Fields Resources Ltd.) and refurbishment commenced.
Operations interrupted by civil war.
Production of 150,000 tonnes per year of rutile exceeded, making the operations the largest producer of rutile in the world.
Consolidated Rutile acquires a 50% interest from Nord Resources.
Nord Resources acquired 100% ownership of Sierra Rutile Limited.
New power plant commissioned.
Second new dredge and wet plant commissioned.
Armco Steel’s interest acquired by Bethlehem.
Nord Resources and Armco Steel found Sierra Rutile Limited and acquire the assets of Sherbro Minerals including the Sierra Rutile Mine.
First mining operations opened by Prime Minister Albert Margai, ramping up to 100,000 tonnes per annum of rutile production.
Exploration and development commenced by Pittsburgh Plate Glass and British Titan Products through a company called Sherbro Minerals.