Vickie Remoe Institute of Digital Communications

Mining Weekly: Sierra Rutile output better than expected, up 27% for 2013

0
2533

John-Sisay-Sierra-Rutile

JOHANNESBURG (miningweekly.com) – Aim-listed mineral sands miner Sierra Rutile lifted its rutile and ilmenite output for the 2013 full year by 27% and 47% respectively compared with that produced in 2012.

The company, which operates in Sierra Leone, produced a record 120 349 t of rutile in 2013, while full-year ilmenite output amounted to 32 349 t.

Rutile production for the three months ended December 31 increased to 36 059 t – a 12% improvement on that produced in the third quarter of the year. Ilmenite production increased by 13% quarter-on-quarter to 9 231 t.

Meanwhile, Sierra Rutile expects to produce 131 000 t of rutile and 28 000 t of ilmenite during 2014.

“The company is well placed for continued production growth in 2014, where, in addition to our current cost-efficiency efforts, we will continue to leverage the high fixed-cost nature of our business to drive down unit operating costs further,” commented CEO John Sisay.

Source: Mining Weekly

Leave a reply

Hey there,
Want some exclusive content straight to your email inbox? Sign up today and join our subscribers.
Hello there
Want some exclusive content straight to your email inbox? Sign up today and join our subscribers.