Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

Titanium Resources (SRX)

  Print      Mail a friend

Wednesday 21 December, 2005

Titanium Resources


Titanium Resources Group Ltd
21 December 2005

  Titanium Resources Group ('TRG' or 'the Group') to Acquire Rotifunk Mineral
                 Sands Prospect in Sierra Leone for US$120,000

21 December, 2005: TRG announces that it has entered into an agreement with
Gondwana (Investments) S.A. ('Gondwana') to acquire the Rotifunk mineral sands
prospect located in Sierra Leone for a consideration of US$120,000 cash payable
on completion, subject to satisfactory due diligence by TRG.   Gondwana is a
private company which is wholly owned by Mr. Jean Raymond Boulle. Mr. Boulle is
a related party and holds a 43.6% interest in TRG.  The purchase price
represents Mr. Boulle's approximate expenditures on the Rotifunk mineral sands
prospect over the period 2002-2005.  Although not required by the AIM Rules
since this proposed acquisition represents less than 5% of any of the AIM class
tests, the Directors have consulted with TRG's nominated adviser and consider
the terms of the transaction to be fair and reasonable as far as TRG's
shareholders are concerned.

The Rotifunk mineral sands prospect is the second largest known mineral sands
deposit in Sierra Leone (after TRG's Sierra Rutile mine).  It is located 65 km
southeast of Freetown and lies approximately 40 km northwest of the Sierra
Rutile mine.  Records of work undertaken by both Bayer-Preussag and Hazcare have
provided inferred mineral resource estimates of 207 million tonnes at 0.49%
rutile and 163 million tonnes at 0.48% rutile, respectively.  Exploration work
undertaken in 2003-2004 by Gondwana has identified 170 million tonnes of
inferred mineral resource at 0.70% rutile, 0.84% ilmenite and 0.06% zircon.

Following acquisition of the Rotifunk prospect, TRG will evaluate its potential
to further augment Sierra Rutile's projected production levels. Selective mining
of high grade areas combined with maximum utilisation of existing process
infrastructure at Sierra Rutile will form the focus of investigations into the
most effective means of economically mining this prospect.

Walter Kansteiner, Chairman of TRG, said:

'Today's announcement underlines an element of the Group's stated strategy, set
out at the time of our IPO in August this year, to identify new resources and
evaluate potential opportunities for acquisition of further mineral properties
in Africa.  The Rotifunk prospect represents a low cost resource acquisition
opportunity for TRG and a possible supplement to the Group's main operations at
the nearby Sierra Rutile mine.  If the prospect is deemed viable following
further evaluation by TRG, it could represent a further source of production for
the Group.'

For further information

Walter Kansteiner, Chairman
Tel: +44 (0) 207 321 0000

Aura Financial
Michael Oke
Andy Mills
Tel: +44 (0) 207 321 0000

This press release has been issued by TRG and is the sole responsibility of the
company. This press release does not contain or constitute an offer or
invitation to purchase or subscribe for any securities of TRG and should not be
relied on in connection with any decision to purchase or subscribe for any such

The securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933 and may not be offered or sold in the United
States absent registration under the Securities Act or an available exemption
from it.

Notes to Editors

Titanium Resources Group

Titanium Resources is the holding company of a group of companies that are
engaged in the mining, marketing and exploration of mineral resources. The Group
owns two mining operations in the Republic of Sierra Leone - the Sierra Rutile
Project and the SML Bauxite Project. Both mines operated for over 15 years until
operations were suspended in 1995.  The projects accounted for 75 per cent of
the exports of Sierra Leone.

The Sierra Rutile Project will employ conventional dredging and processing
methods to produce mineral sands in the southwest of Sierra Leone, where its
production previously represented approximately 30 per cent of the world's
annual supply of natural rutile. Natural rutile is a high titanium-bearing
feedstock employed in the manufacture of titanium dioxide (TiO2) pigments that
are used in paint, plastics, paper and pharmaceuticals and the production of
titanium metal and welding rods.

In close proximity to the Sierra Rutile mine is the SML Bauxite Project which
successfully mined bauxite in the Mokanji area for over 30 years prior to the
suspension of operations in 1995. Bauxite from the SML bauxite mine is premium
grade metallurgical bauxite which is the primary feedstock used in the
production of aluminium.

Both projects will employ proven mining and processing techniques and were
profitable operations in the past. Rutile and bauxite from this region are both
recognised for their high quality. The Group plans to restart operations at each
mine in the first quarter of 2006.

                      This information is provided by RNS
            The company news service from the London Stock Exchange