NEWS: Titanium Resources Group: Mark Button joins Titanium Resources Group as COO

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Mark Button joins Titanium Resources Group as COO 

9 November 2009: Titanium Resources Group (“TRG” or “the Company”) is pleased to announce that Mark Button has now joined TRG as Chief Operating Officer.

Prior to joining TRG, Mr. Button spent 12 years at Anglo American Plc, including 4 years as Mineral Resources Manager at Anglo Base Metals’ Namakwa Sands heavy mineral sands deposit.  In his role at Namakwa Sands Mr. Button was responsible for managing operational and capital expenditure budgets, overseeing the mine planning, exploration and mineralogy departments as well as being the lead competent person for the operation.

In total Mr. Button has over 22 years experience of working in Africa in a variety of mining and geological roles. Most recently he was Regional Geological Resources Manager at Anglo Coal’s Witbank Coalfields in South Africa.  Additionally, Mr. Button has a Masters Degree from the University of the Free State (SA) in Mineral Resource Management.

 John Sisay, Chief Executive of TRG said:

 “On behalf of the Board I would like to welcome Mark to TRG and I look forward to working closely with him in the future.   

“I am convinced that Mark's significant mineral sands expertise and operational experience will enable us to continue to deliver the ongoing operational turn-around at Sierra Rutile whilst also reinvigorating our exploration programme.  Furthermore, Mark’s experience of managing capital expenditure programmes will enable him to make a significant contribution to our plans to expand production at Sierra Rutile.”

ENDS

For further information: 

Titanium Resources Limited

John Sisay, Chief Executive 

Walter Kansteiner, Non-executive Chairman 

Tel: +44 (0) 207 321 0000 

Arbuthnot Securities 

Nominated Adviser & Broker

John Prior 

Tel: +44 (0) 20 7012 2000

Aura Financial

Michael Oke / Andy Mills

Tel: +44 (0) 207 321 0000 

Titanium Resources Group 

Titanium Resources Group operates the Sierra Rutile mine in the Republic of Sierra Leone, through its subsidiary Sierra Rutile Limited. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group’s operations historically accounted for over 65 per cent of the exports of Sierra Leone.

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Jean boulle - Titanium Resources

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More than 2,000 Sierra Leoneans work at the mines in this country where per-capita income is only $240 a year. Rutile and bauxite from the mines are responsible for 65 percent of Sierra Leone's exports, followed by diamonds.

Production at the rutile mine resumed in 2006. Last year, Sierra Rutile produced 82,530 tons of titanium dioxide, or 14.5 percent of the world market. Revenue for the year was $67.8 million.

http://www.wfaa.com/sharedcontent/dws/bus/columnists/jlanders/stories/DN-Rutile_18bus.ART.State.Edition1.4dbc12a.html
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Titanium Resources Group TRG AIM: Dredge D2 Insurance Update

http://boullevortal.com/cgi-bin/news.cgi?rm=display&articleID=1254736629

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Dredge D2 Insurance Update

5 October 2009: Titanium Resources Group Ltd (“TRG” or “the Company”) announces an update with regard to TRG and its subsidiary Sierra Rutile Limited’s (“SRL”) legal action against insurers over its outstanding claims relating to the capsize of Dredge D2.

 

SRL’s legal action is continuing and has recently been set down for a 4 week trial commencing on 28 June 2010 in the Commercial Court, a division of the High Court in London.  On the current timetable, trial would therefore be completed by 23 July 2010, with judgment likely to be reserved at the end of the hearing and handed down at the Court's convenience thereafter. 

 

The Court has directed the parties (as part of the pre-trial timetable) to seek to resolve their disputes by mediation, a structured without prejudice settlement discussion, such mediation to take place before 29 January 2010.

 

One of the main reinsurers has already settled its share of the claim. 

ENDS


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Jean-Raymond Boulle Corporations, Strategy | Titanium Resources Group

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Titanium Resources Foundation

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Jean-Raymond Boulle Corporations: Titanium Resources Group: Mining, FTSE AIM Research Note

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Jean-Raymond Boulle 49% stake in Titanium Resources

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